First time Buyer Status

Hi,

This may seem like a silly question. I am a first time buyer - If i change my mortgage to a different lender do I lose my first time buyer status?

Thanks

What do you mean?

Have you already bought? Are you changing mortgage provider before you buy? After you buy?

Do you mean for stamp duty or for Mortgage Interest Relief?

mf

If you are a first time buyer, you remain one (for mortgage relief purposes) for that tax year plus 6 years thereafter. You can change your mortgage as many times as you like and can buy new PPRs as many times as you like and will remain an FTB for TRS purposes.

However, if you buy a different property (PPR or otherwise), you are no longer an FTB for stamp duty purposes.

Yeah I have already a mortgage on my new house, I am wondering If I would be able to move to one of the new fixed rates on offer at the min for first time buyers and also If it would affect my interest relief.

Watersprite has answered the interest relief question - thanks.

No, you cannot avail of the first time buyer fixed rates as they are for people buying for the first time. You would be remortgaging.