Boost your budget with the Forces Help to Buy scheme
Serving in the military? You could borrow up to 50% of your annual salary to boost your house buying budget with the Forces Help To Buy scheme. The interest-free loan can be used for either your house deposit, your solicitor’s or estate agent’s fees or in some cases for renovation.
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How does it work?
The Armed Forces Help To Buy scheme was introduced to encourage homeownership amongst serving military personnel. It allows you to borrow an interest-free loan of up to 50% of your annual salary (or a maximum £25,000) to put towards buying a home. Since the scheme was launched, over 25,000 people have taken out a loan.
As long as the full property price is covered by your deposit (including the Forces Help to Buy loan) and the standard mortgage, you can buy whatever property type you wish. A new build, flat or existing home - whatever you have your heart set on!
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The interest rates shown are an indication only and are not guaranteed. Current rates may have changed by the time you come to apply.