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.
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.
John Bate
John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.
John Bate
John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.
