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    • DuncanL
    • By DuncanL 14th Jun 17, 10:10 AM
    • 1Posts
    • 0Thanks
    I'm on a shared mortgage in name only - can I still be considered a first time buyer?
    • #1
    • 14th Jun 17, 10:10 AM
    I'm on a shared mortgage in name only - can I still be considered a first time buyer? 14th Jun 17 at 10:10 AM
    Hi, I was wondering if anyone could help. I joined my sisters mortgage last year to take the place of her boyfriend after a break-up. I'm on it in name only and make no payments. In doing this have I waived my rights to be considered a first-time buyer? Will it have damaged my chances of getting my own property in the future?

    Many thanks,
Page 1
    • SeagullFTB
    • By SeagullFTB 14th Jun 17, 10:18 AM
    • 43 Posts
    • 19 Thanks
    • #2
    • 14th Jun 17, 10:18 AM
    • #2
    • 14th Jun 17, 10:18 AM
    I'm not sure, but I'd assume that you can't be considered as a first time buyer and any future application for a mortgage would take into account that you already have an existing one that you are responsible to repay, regardless of whether you or your sister actually make the payments.
    • kingstreet
    • By kingstreet 14th Jun 17, 10:58 AM
    • 33,399 Posts
    • 18,085 Thanks
    • #3
    • 14th Jun 17, 10:58 AM
    • #3
    • 14th Jun 17, 10:58 AM
    Are you only a party to the mortgage and not to the ownership of the property?
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
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