Armed Forces Deposit Contribution
Your dedication and courage in ensuring the safety of our nation is something we can’t thank you enough for. But we have an incentive which goes some way to showing our gratitude – a 5% Armed Forces Deposit Contribution, where we will give you up to £25,000* towards your dream home.
*Terms and conditions apply.
How the scheme works
If you purchase a home for £300,000, you would qualify for a contribution of £15,000.
Who is eligible
This exclusive new home deposit scheme applies to all UK Armed Forces personnel who are currently employed by the Army, Navy or RAF.
Due to retire from the forces?
If you are set to retire this year, you will remain eligible for up to 12 months from your retirement date.
How to apply
Get in touch and speak to one of our sales team who will introduce you to a specialist New Homes Mortgage Adviser. For full terms and conditions, see below.
Making your move easier
Our new home deposit scheme for Armed Forces members is our way of making your journey to owning one of our new homes easier. We’ve got a selection of houses for sale across the country, with heritage design on the outside and open plan living spaces with future-proof eco-friendly conveniences inside.
Armed Forces Deposit Contribution FAQs
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You could receive a 5% deposit contribution towards the purchase price of your new Redrow home, up to a maximum of £25,000. For example, a £300,000 property may qualify for a £15,000 contribution.
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You must declare your intention to claim the deposit contribution when you reserve your home. If purchasing with a mortgage, you will still need to meet your lender's mortgage eligibility criteria to access the scheme.
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Yes. If you are retiring from the Armed Forces this year, you can remain eligible for the scheme for up to 12 months from your retirement date. Ex-Regular service personnel who have served for a minimum of six years can also apply within 12 months of discharge.
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You must have completed your basic (phase 1) training to be eligible. The scheme is available to Regular service personnel in the Navy, Army or RAF. This includes members of the Military Provost Guard Service, clinical staff (excluding doctors and dentists) and uniformed staff in the Defence Fire Service**.
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The Armed Forces Deposit Contribution is available on selected Redrow developments and plots in England, Wales and Scotland (subject to availability). Contact our Sales Experts at your nearest Redrow development for further details.
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No, the Armed Forces Deposit Contribution cannot be used in conjunction with other Redrow schemes. Speak to our Sales Experts to explore all options and decide which one best suits your circumstances.
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Yes, the Armed Forces Deposit Contribution does not exclude you from qualifying for Help to Buy – Wales or other government-backed schemes, as long as you meet the eligibility criteria. It is available on residential properties purchased with cash or a mortgage, but not on Buy to Let properties.
Find your perfect home with our armed forces deposit contribution
Discover a better way to live by searching for your nearest Redrow development and speaking to one of our friendly team today.
There's plenty of ways we can help you move
With a range of ways to help you move and tailored support available, your new Redrow home has never been closer.