From reading the above it appears I am outta luck. I have never owned a property but my wife has an existing mortgage. That place is in negative equity.
Then I'd imagine you would be seen as second time buyers subject to the LTV & LTI limits. So your total income & the amount of borrowings would have to be looked at. Difficult to say if you have a chance without more info.
Then I'd imagine you would be seen as second time buyers subject to the LTV & LTI limits. So your total income & the amount of borrowings would have to be looked at. Difficult to say if you have a chance without more info.
I read the CBI rules and did not see any reference to "second time buyers" as it pertains to the NE exemption. Neither is there a specific reference to a requirement to sell the NE property. It would seem to me that it is a very broad exemption.