First Time Buyer (FTB)?

Posted on 11 January 2012 by marta

I will be able to pay off my mortgage completely in 2 years time and then buy a second property. Will I be treated as a first time buyer again?


I regret not.  As far as the government's first time buyer Stamp Duty Land Tax (SDLT) incentive you only qualify if you have never owned a house or a flat in the UK or anywhere else in the world and lenders have a similar qualification for any FTB mortgage products they offer.

Full details of the SDLT incentive, which is available on purchases made before 25th March 2012, can be found at the excellent DirectGov website:


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