What is a first-time buyer?

A first-time buyer is a person who is purchasing a property for the first time.

Why do first-time buyers need extra assistance?

First-time buyers need extra assistance because they are new to the property market. They have limited experience in navigating the process of buying a home and are more likely to make large and costly mistakes.

Are there different definitions of first-time buyer?

Yes, the definition of a first-time buyer can vary depending on the context and the specific programs or policies in place

Mortgage lenders and government support schemes will have their own definitions of what constitutes a first time buyer.

If you are applying for a first time buyer mortgage or government support schemes you should check their definition of a first-time buyer before applying.