What is the forces help to Buy?
For those serving in the armed forces. A special scheme is in place to offer reduced initial costs.The scheme offers armed services personnel to borrow up to 50% of their salary at no cost. This is available for first-time buyers and home movers.The maximum loan is £25,000.
Am I eligible for the forces help to buy?
You need to:
- have completed a minimum length of service
- have more than six months left to serve when applying
- meet the right medical categories
In some cases, the scheme can still be qualified for without meeting the above criteria. E.g medical situations.