Definitions for "First Time Buyer"
A CLIENT WHO HAS NEVER BOUGHT A HOME OR HAS NOT OWNED A PROPERTY IN THE LAST 5 YEARS.
Mortgage arranged for a first time consumer.
Someone who is buying a property for the very first time. FTB's are often singled out by banks and building societies for special deals to encourage them onto the housing ladder.
Keywords:  chain, purchase, property, person, own
A person who does not already own a property and is therefore not part of a chain.
A borrowers first property purchase.
Person that has not purchased a property before.
Keywords:  customer, taking, mortgage
A customer taking out their first mortgage.