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kat1 | 17:18 Sat 22nd Jun 2013 | Business & Finance
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I used to own my own property but now rent. I now want to buy again & want a mortgage. I know the goverment are giving help to 'First time Buyers' by the 20% 'Shared Equity scheme'. My question is, do i qualify for this scheme? i e am i a first time buyer?
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Avatar Image hc4361
Yes, you are, I'm sure. You are renting and don't own another property.
17:23 Sat 22nd Jun 2013
Avatar Image kat1
Question Author
Ok thanks hc
17:27 Sat 22nd Jun 2013
Avatar Image March-Hare
Yep!
17:28 Sat 22nd Jun 2013
Avatar Image CheekyChops
Not necessarily. Some lenders class a FTB as someone who has not had a mortgage in the last 3 years (or however many). But some won't count you as a FTB if you have ever held a mortgage previously.
20:04 Sat 22nd Jun 2013

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