Can I be classed as a first time buyer?

[McKay]

Hi all,

Bit of a strange question and hope someone will be able to help.

I have owned 2 properties in the last 12 years. The first one was sold but the second property was repossessed (in 2006/2007).

I have been renting since and am now in a position to maybe buy again, this time with my partner.

My partner has never owned a property.

So so how does that work when we go to buy a property?

Are re we classed as first time buyers as my parter is a first time buyer?

Any advice on the best way for us to take advantage of FTB mortgages?

Any my advice will be grately appreciated.

Many thanks

[des8]

Re: Can I be classed as a first time buyer?

It will depend on the lender, at least Clydsedale's site states: First time buyers are eligible for the products shown below if you’re aged 18 or over and have never had a mortgage or haven’t had a mortgage for the past 12 months.
I suspect other banks will have different conditions.
Have to ask each one individually.

[stevemLS]

Re: Can I be classed as a first time buyer?

It depends on the lender.

A quick google, Halifax FTB mortgages available providing at least one applicant has never owned a property, Nationwide FTB no applicant having held a mortgage in last 3 years......

Probably best going to a broker, esp with repo behind you (does anyone know whether that remains on credit record for 6 or 12 years?)

Good luck.