Armed Forces and Help to Buy Schemes

Government Help to Buy for the Armed Forces

If you are a member of the UK armed forces then you may be entitled to help when looking for a mortgage.

The scheme was launched in 2014 with an aim to help change the fact there was a low rate of home ownership across army, navy and airforce personnel. This has been extended until late 2022.

How Does This Help Me Get a Mortgage?

You could borrow up to 50% of your salary, interest-free to buy your first home. You may also use the scheme to “move to another property on assignment”

Getting onto the property ladder in the UK is becoming tougher year on year as house prices increase and deposits along with those increases. It’s one thing to be able to put down a decent deposit but it’s another to afford the monthly payments or vice versa.

Interest Free Loan – Great?

Whilst the loan is interest free, you still need to repay it.  An extra monthly financial commitment may means a lender thinks you may not be able to pay back the mortgage as interest rates rise in the future.

What Banks Lend to the Armed Forces?

Most mainstream lenders accept applications using the Armed Forces scheme. We’ll help you weigh up the options and make a decision based on your personal circumstances and requirements.

Will I Be Able to Let Out My Home Under the Forces Help to Buy Scheme?

You can let out your Forces Help to Buy property once you have yourself lived in it.

Note: Being approved for FHTB is a great financial help, it is no guarantee that a mortgage provider will lend to you. You still have to meet their criteria.

Share this article:
Other recent news articles
1.9% percent summer price drop as stretched affordability begins to improve

1.9% summer price drop as stretched affordability begins to improve

Asking Prices –  Rightmove Data Rightmove’s latest data shows average new seller asking prices fall by 1.9% (-£7,012) this month...

Asking rents hit new record says Rightmove. Is now the time to buy?

Rental Properties Hit and All Time Price High Latest data from Rightmove says average asking rents for new tenants outside...
The mortgage market is still busy despite rising interest rates

The mortgage market is still busy despite rising interest rates

UK Mortgage Market Update The mortgage market is still busy despite rising interest rates. Enzo Mora CEO and founder of...
Speak to one of our mortgage experts
Enter your number below to schedule a callback with one of our team.*
Now choose your preferred day and time
Excellent service, highly recommended. Great communicators and very helpful for us as first-time buyers.
Always there to help with helpful and honest advice, would recommend to anyone. We are first time buyers and they really helped with simplifying all the jargon and giving us great advice.
Chris M
Great communication and customer service throughout the process.
A very helpful, trustworthy and straight,-talking service that got us the result we wanted.
First time buyer
Very informative personnel, happy to help and easy to communicate with. I would definitely recommend.
Excellent service! Couldn't ask for.more. thank you so much !!
Mr&Mrs Martin
Request a
call back
Preferred day*
Preferred time*

Arrange a callback

Please complete the form below and one of our specialist mortgage advisers will call you back.
Preferred day*
Preferred time*

We use cookies on this website. You are free to manage cookies settings via your browser at any time. To learn more about how (and why) we use cookies, take a look at our Privacy Policy.