5% deposit for mortgage
Hello, I am foreign and bought a flat in my country when I was living there. After 3 years I moved to the UK. I would like to buy a house here with my fiancée but we only have a 5% deposit. I am not sure if I can consider myself a first time buyer and if I can apply for a 5% deposit mortgage. I have also heard about the new stamp duty. Could you please advise? Unfortunately, I can't sell the flat abroad as the market is not good, so I let out the property to cover the mortgage monthly rate. I do not have any income from that property. I hope you can clarify my options. Many thanks, D.
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