Are we considered like first time buyers?

[PaulyB63]

Hi all,

I'm aware this question sounds like a contradiction but bear with me!

We sold our house in May 2008 and have been renting ever since. We're looking to buy again most likely later this year.

In terms of stamp duty and tax reliefs etc, how are we considered from revenues and the banks point of view?

We don't have any property to sell on and we will be purchasing a property under 220k.

Thanks in advance.

 

[Brendan Burgess]

It makes no difference from a Revenue point of view.

From the Central Bank's definition, you are not first time buyers so you will need a deposit of 20%.

Brendan