I own our current home. My wife has never owned a property. Can we get a First Time Buyer mortgage?

Posted on 2 June 2013 by Gul

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?


Most lenders wouldn't consider letting you have a product specifically for First Time Buyer's if you are already a homeowner, and particularly so if you are to be the first named applicant on the mortgage.

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 let me know and I'll sort a convenient time for you to speak to one of our consultants.




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