Own a house/first time buyer

oaky9

Registered User
Messages
88
My father recently transferred a house into my name which I currently live in, I was thinking of buying a house in my area and let a family member live in it rent free, Am i still considered a first time buyer?

From revenue.ie

A First Time Buyer as defined by Section 92B, Stamp Duties Consolidation Act, 1999, is a person, (or, where there is more than one buyer, each of such persons):

who has not on any previous occasion, either individually or jointly, purchased or built on his/her own behalf a house (in Ireland or abroad) and

where the property purchased is occupied by the purchaser, or a person on his behalf, as his/her only or principal place of residence and

where no rent, other than rent under the rent-a-room-scheme, is derived from the property for five years after the date of the current purchase.
 
I was thinking the benefit would be a better interest rate compared to a mortgage rate for an investor !!