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Would I be considered a first time buyer?

  • 18-11-2017 10:20AM
    #1
    Black_Ninja
    Closed Accounts Posts: 273 ✭✭


    Long story short, me and my siblings have just inherited my family home.

    While none of us live in the house currently, I was considering making them an offer on their share of the property and getting a mortgage to buy them out if they all agree.

    As I already own a share in the property, would I still be considered a first time buyer?


Comments

  • #2
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 86,596 ✭✭✭✭Atlantic Dawn
    GDY151


    Yes...
    A First Time Buyer is defined as a person who has never before, either on his or her own or with others, purchased a house, a site to build a house, or an apartment, in Ireland or abroad.

    In the case of a joint application, both parties must be First Time Buyers for the mortgage to be a First Time Buyer mortgage.

    https://www.bankofireland.com/help-centre/faq/first-time-buyer/


  • #3
    Black_Ninja
    Closed Accounts Posts: 273 ✭✭Black_Ninja


    Atlantic Dawn wrote: »
    Yes...



    https://www.bankofireland.com/help-centre/faq/first-time-buyer/

    Thanking you!


  • #4
    Trish56
    Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Trish56


    Yes you will be considered a First Time Buyer by all lenders.
    Black_Ninja wrote: »
    Long story short, me and my siblings have just inherited my family home.

    While none of us live in the house currently, I was considering making them an offer on their share of the property and getting a mortgage to buy them out if they all agree.

    As I already own a share in the property, would I still be considered a first time buyer?


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