If you are a member of the Armed Forces you may be able to benefit from a government loan for up to 50% of your salary interest-free. This could help you to buy your first home, or move to another property on assignment or as your family’s needs change. It cannot be used to pay off an existing mortgage.
There are some eligibility criteria you have to meet to be considered. People who may qualify include all regular personnel who:
- have completed the pre-requisite length of service
- have more than 6 months left to serve at the time they apply
- meet the right medical categories.
There may, however, be exceptions to the standard rules in certain circumstances.
Why not make an appointment to speak to one of our Property staff who can explain whether or not you might be able to use the scheme, and how to go about it?
For more information, see: https://www.gov.uk/guidance/forces-help-to-buy#what-is-the-scheme.