I have a question - not my circumstances - it really is "for a friend"
He bought a leasehold flat back in the 80's and owned the lease on that premises for about 15 years. He sold the flat just before 2000. He hasn't owned property for almost 20 years. He is in his late 40's now and looking to get back onto the property ladder. He has been confused about his status - would he be regarded as a FTB again, given he hasn't owned property for a significant period of time? I asked a IFA friend of mine who said that his status would depend on the mortgage provider. But he has been to a few banks (HSBC, Halifax) and he tells me both have said that he is not a FTB and hence subject to the stamp duty taxes. Just wondering if anyone else has any insight into this. He is absolutely strapped for cash so obviously the difference between paying SD or not really matters to him.
Thanks for any feedback.