Supporting the Armed Forces onto the home ownership ladder
Updated: Aug 11
From 01 January 2023 Forces Help to Buy scheme has become available to all service personnel. This will allow all Armed Forces service personnel to borrow up to 50% of their salary, up to a maximum of £25,000 interest-free for the purchase of a property. The money can be used towards a deposit and other costs such as solicitor’s and estate agent’s fees.
Who can use the Forces Help to Buy scheme?
All regular personnel who:
have completed the pre-requisite length of service
are not a reservist or a member of the Military Provost Guard Service
have more than six months left to serve at the time they apply
meet the right medical categories
However, there may be exceptions to these criteria, especially where there are special medical and personal circumstances.
There may be exceptions to these criteria, especially where there are special medical and personal circumstances.
More information can be found here: https://lnkd.in/dT-AemN
And please contact us for any help and guidance you may require.
saan.popat@pennfinancial.co.uk
077 8026 8027
The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.