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  • Writer's pictureSaan Popat

Supporting the Armed Forces onto the home ownership ladder

From 01 January 2023 Forces Help to Buy scheme has become available to all service personnel. This will allow all 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

Penn Financial

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.

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