First Time Buyer
Although, obviously, this can refer to the first time you have bought a house, there is more to the phrase than if taken at face value. Some mortgage lenders offer quite favourable conditions for a first time buyer, so if this is your first time don’t be afraid to shop around to see what deals you can be offered.
Moreover, if you have previously taken out a mortgage and since then have sold your house, you might still be able to find a mortgage lender offering you ‘first time buyer terms, so even if this is the second house you’ve bought you could still be classed as a first time buyer for the purposes of the loan.
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