My partner is a first time buyer but I'm not- can we get a first time buyer mortgage?
Answered on 2 June 2018 by Nick Morrey
I have a flat in my name only valued at £64.5k with a £30k mortgage. I am recently married and my wife and I would like to purchase a house. As she does not and has never owned a property, is it possible to get a FTB mortgage in our joint names?
I am not a first-time buyer but my partner is- can we get a FTB mortgage?
Most lenders wouldn't consider letting you have a product specifically for first-time buyers if you are already a homeowner, and particularly so if you are to be the first named applicant on the mortgage.
First-time buyer vs next-time buyer
Some lenders do offer deals that are solely for first-time buyers, however many don't differentiate and the rate is the same whether first or next-time buyer.
If you'd like to find out more about what options may be open to you, then please call us on 0330 433 2927.
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