Who's Classed as a First Time Buyer?

According to the agency, a first-time homebuyer is: Someone who hasn't owned a principal residence for the three-year period ending on the date of purchase of the new home. An individual who has never owned a principal residence even if their spouse was a homeowner.

Who qualifies as a first-time buyer UK?

A person is generally classified as a first-time-buyer if they're buying their only or main residence, and have never owned a freehold or have a leasehold interest in a residential property in the UK or abroad. A mortgage is a loan taken out to buy property or land.

Who is considered a first-time buyer?

To qualify as a first home buyer, you must be purchasing the first home you or your spouse have owned or co-owned in Australia, although there are some exceptions. You must also move into the property within 12 months, and live there for at least six continuous months.