<Table> <Tr> <Td> </Td> <Td> This article needs to be updated . Please update this article to reflect recent events or newly available information . (February 2016) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> This article needs to be updated . Please update this article to reflect recent events or newly available information . (February 2016) </Td> </Tr> <P> A first - time buyer (FTB) is a term used in the British and Irish property markets, and in other countries, for a potential house buyer who has not previously owned a property . </P> <P> A first - time buyer is usually desirable to a seller as they do not have to sell a property, and as such will not involve a housing chain . </P>

How does the government define first time buyer