If I sell my house and move in with my parents, when I come to buy again...

6 replies

ElfOnTheTopShelf · 04/02/2008 21:03

... am I classed as a first time buyer or not?

OP posts:

CarGirl · 04/02/2008 21:04

yes I believe so in estate agent speak

Carmenere · 04/02/2008 21:05

Not officially but with no chain so in a good position.

NomDePlume · 04/02/2008 21:05

No, you are a chain free buyer

Original poster

ElfOnTheTopShelf · 04/02/2008 21:09

so the "first time buyer" offers do not apply with mortgage companies?

OP posts:

LordCopper · 05/02/2008 11:22

Probably not but why would you want them - they are generally quite disadvantageous compared to those who have a sizeable deposit from selling another house.

BigGitDad · 05/02/2008 11:25

First time buyer depends on how long you have not had the mortgage for. Usually a year or two.
However being a first time buyer rarely gives you an advantage from the mortgage company point of view as they tend to make their deals available on the basis of size of deposit etc. You will not get a better rate of interest or anything if that is what you are after.

Flip