Advanced search

Mumsnet has not checked the qualifications of anyone posting here. Free legal advice is available from a Citizen's Advice Bureau, and the Law Society can supply a list of local solicitors.

First time buyer?

(5 Posts)
NSEWTravel Sun 31-Jul-11 19:16:24

We sold our house 2.5 years ago, and have been renting since.

We are now looking to buy a house - are we classed as first time buyers? Because the option appears to be remortgage to buy another house, and we are not remortgaging, but nor are we first time buyers.

Any advice please.

MovingAndScared Sun 31-Jul-11 19:35:46

we rented after selling our house as well and we didn't get any first time buyer deals we we got our mortgage - seemed to be plenty on the market through -

iskra Sun 31-Jul-11 19:53:45

We didn't count as first time buyers because Dp had previously owned a house, sold two years before we bought. I had never bought before but that didn't count!

RockChick1984 Sun 31-Jul-11 21:13:15

You aren't first time buyers, you are purchasers, so your deals available will be for purchase mortgages. You will not be eligible for first time buyer deals even though you don't currently own a property.

NSEWTravel Mon 01-Aug-11 18:21:59

Great thanks for clarifying that.

Join the discussion

Registering is free, easy, and means you can join in the discussion, watch threads, get discounts, win prizes and lots more.

Register now »

Already registered? Log in with: