Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

First time buyer query

  • 06-07-2020 5:22pm
    #1
    lunamoon
    Registered Users, Registered Users 2 Posts: 263 ✭✭


    Looking for a bit of clarification. My aunt is in the process of putting her house in her daughters name. The daughter is worried that this will impact her getting a mortgage in the future and won't be classed as a first time buyer. Is this correct?


Comments

  • #2
    Michellenman
    Registered Users, Registered Users 2 Posts: 11,195 ✭✭✭✭Michellenman


    lunamoon wrote: »
    Looking for a bit of clarification. My aunt is in the process of putting her house in her daughters name. The daughter is worried that this will impact her getting a mortgage in the future and won't be classed as a first time buyer. Is this correct?

    We experienced something similar where my fiancé was left a house by an uncle before we bought our home. Revenue didn’t count us as first time buyers and so we didn’t qualify for the first time buyers grant, but the banks did consider us first time buyers and so we were able to only have the 10% deposit.


  • #3
    Shamboo1801
    Registered Users, Registered Users 2 Posts: 105 ✭✭Shamboo1801


    The CBoI defines a ftb as "a borrower to which no housing loan has ever before been advanced."


  • #4
    lunamoon
    Registered Users, Registered Users 2 Posts: 263 ✭✭lunamoon


    Shamboo1801 wrote: »
    The CBoI defines a ftb as "a borrower to which no housing loan has ever before been advanced."

    That's brilliant thanks for the replies.


  • #5
    missmatty
    Registered Users, Registered Users 2 Posts: 1,126 ✭✭✭missmatty


    My brother & I had our names on our grandmother's house which was left to us by our mother, our granny had a right of residence for her lifetime. My husband and I bought two years ago and qualified as first time buyers, also got the HTB after a bit of to-ing and fro-ing with Revenue and the Property Tax people.


Advertisement