HomeSite MapCompareFinanceDebtCasino First time buyerThe mortgage definition for First time buyer:A person who does not already own a property and is therefore not part of a chain. Similar MatchesFirst chargeFirst chargeIf your property is collateral for more than one property and the borrower defaults on payments, the lender with a first charge has the option to repossess the home. First mortgageFirst mortgageThe original loan taken out to purchase a home. Click to compare definitions of First time buyer Click to view definitions beginning fi |