Who can use Forces Help to Buy?
Regular personnel that meet the desired criteria can take advantage of the Armed Forces Help to Buy scheme, whether that's in order to buy their first property, or move further up the property ladder.
How does Forces Help to Buy work?
The three-year scheme allows qualifying personnel to take a loan of up to 50% of their yearly salary from the Ministry of Defence. This loan can then be used to help in the purchase of your home, whether that's to contribute towards your deposit, the solicitor's or estate agent's fees.
The loan is capped at £25,000 and must be repaid to the Ministry of Defence in monthly instalments. The Forces Help to Buy scheme will be closed to new applicants from the 31st of December 2019.
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