First Time Buyer definition

First Time Buyer means a first time buyer as defined by paragraph 6 of Schedule 6ZA to the Finance Act 2003

First Time Buyer means an individual who:

First Time Buyer s relief” means relief under Schedule 6ZA to FA 2003.

Examples of First Time Buyer in a sentence

• The contract interest rate and dealer acquisition fees are comparable to the First Time Buyer and Mercury/Delta programs, but the loan amount and loan-to-value ratio requirements are somewhat less restrictive.

• This means that, if you decide to sell or otherwise dispose of the property within that period, it must be offered back to the Department so it can be sold to another First Time Buyer on the Register.

• First Time Buyer – This program accommodates an applicant who has limited significant past credit history, such as a previous auto loan.

• The contract interest rate and dealer acquisition fees are comparable to the First Time Buyer and Mercury/Delta programs, but the loan amount, loan-to-value ratio, down payment, payment-to-income ratio and income requirements are somewhat less restrictive.

• Owing to the high demand for First Time Buyer properties, we cannot always meet applicants’ aspirations.

More Definitions of First Time Buyer

First Time Buyer means a purchaser of immovable property where the transaction relating to that property fulfils all the conditions that are required to be fulfilled for the fees set out in item 13(b) in a table in paragraph 3 of Schedule 1 to apply;

First Time Buyer means a person, being an individual, who has not previously been a purchaser of Property subject to duty where the Real Property in Gibraltar consisted of residential property; and

First Time Buyer means a person on whom a right of occupation of land is conferred and who satisfies all the conditions to be satisfied by an occupier under paragraph 4 of the Schedule for the rate of LTT set out in sub-paragraph (3) of that paragraph to apply;”.

First Time Buyer means a borrower to whom no RRE loan has been advanced before; in case there is more than one borrower (the case of RRE loan cosignatories) and one or more of these borrowers has previously been advanced an RRE loan, none of these borrowers is considered to be a first-time buyer;

First Time Buyer means the purchaser, or any of the purchasers in the case of more than one purchaser, who must not have previously bought or built a house or apartment, either solely or jointly, with any other person;

First Time Buyer means a person or a member of a married or unmarried couple, who has never had a legal interest in a property prior to the property for which the grant application is made, nor have they cohabited with a spouse or former spouse who had a legal interest in the property in which they resided, at the time of their cohabitation.

First Time Buyer means a borrower/s who acquired his/her first immovable RRE property;