Borrow unto 50% of your salary
Regular armed forces personnel can benefit from a £200 million scheme to help them get on the property ladder. The Forces Help to Buy scheme enables servicemen and servicewomen to borrow up to 50% of their salary, interest free, to buy their first home or move to another property on assignment or as their families needs change. This loan can act as part of the deposit depending on the property value and the mortgage available. Servicemen and servicewomen can apply for the loan online through the Joint Personnel Administration system and can seek advice on their application through their Chain of Command and personnel agency.
You can access more information on the Forces Help to Buy scheme by clicking here: