Forces Help To Buy – The scheme to help armed forces personnel get on the property ladder.
The Forces Help to Buy Scheme is aimed at supporting first-time buyers and those who have to move home because they are assigned elsewhere.
Regular service personnel will be able to borrow 50% of their salary up to a maximum of £25,000.
This loan is interest free and is repayable over 10 years. The monies can be used towards a deposit and other costs such as legal, surveyors or land registration fees. The loan, however cannot be used for the purchase of a second home or a buy to let property.
- Borrow up to 50% of your salary (max £25,000)
- Repayable over 10 years
Eligibility
To apply you must:
- Be in regular service
- Have served for at least 1 year
- Have at least 6 months left to serve at the time of application
- In the last 12 months have not owned a property within 50 miles of the proposed purchase (exceptions will apply)
Contact us
Learn more about our Mortgages & Insurances Services