Mortgage and a break up

Reg head

Hi there, i am 5 years into a joint mortgage with my partner but its not working out, we are thinking of breaking up. Just wondering if she buys me out of the mortgage and i go to buy my own house then am i a first time buyer again or would i be a 2nd time buyer...all comments welcome..

Bank of Ireland: Megan

Reg head wrote: »

Hi there, i am 5 years into a joint mortgage with my partner but its not working out, we are thinking of breaking up. Just wondering if she buys me out of the mortgage and i go to buy my own house then am i a first time buyer again or would i be a 2nd time buyer...all comments welcome..

Good morning,

Thanks for getting in touch with us here on Boards.ie. 

For the best help with your query, I would recommend contacting our Mortgage Specialists on 016113333. One of my colleagues will be happy to discuss this and offer further advice.

I hope this information helps!

Many thanks,
Megan

Tow

[font=Fira Sans, sans-serif]https://www.revenue.ie/en/life-events-and-personal-circumstances/marital-status/separation-divorce-and-civil-annulment/transfer-of-assets-and-property-between-former-partners.aspx[/font]

If you separated or divorced after 15 June 2000 and buy another house, you may qualify for first time buyers' relief. To qualify you must meet the following conditions:

• you have left the shared home
  
• you have not retained an interest in the shared home
  
• your former partner continues to live in the house, which you shared before the separation or dissolution of your marriage.