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Am I a first time buyer?
Archsweet
Posts: 9 Forumite
Hi everyone
This will sound dim: but am I a FTB?
I'm abiut to be divorced and (fingers crossed) removed from my old IF mortgage, receiving a lump sum as a clean break from my ex.
So I'll have no mortgage and a deposit ready to buy.
Will I qualify for first time buyer deals? I don't want to lie to lenders obviously, but I do want to take advantage of FTB deals.
all help appreciated
-Sweet
This will sound dim: but am I a FTB?
I'm abiut to be divorced and (fingers crossed) removed from my old IF mortgage, receiving a lump sum as a clean break from my ex.
So I'll have no mortgage and a deposit ready to buy.
Will I qualify for first time buyer deals? I don't want to lie to lenders obviously, but I do want to take advantage of FTB deals.
all help appreciated
-Sweet
0
Comments
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you are NOT a FTB, but don't worry most deals/incentives are based on equity/ deposit rather than FTB status these daysAny posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0
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Thanks Payless!
I'll be sure to mention the money I (fingers crossed) will get from my share of my house, then.
-Sweet0 -
Generally, First Time Buyer deals are pretty crap value anyway, if they are packaged as FTB deals. What you have going for you is the equity and a more comprehensive credit history than First Time Buyers anyway, so fire away and tell them the full story.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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