Forces Help to Buy
Forces Help to Buy is an MOD scheme that can help Regular Service personnel buy a home by providing an interest-free loan of up to £25,000.
You can borrow up to 50% of your basic pay, subject to the £25,000 maximum. The money can be used towards your deposit and certain other costs of buying your home.
It isn't just for first-time buyers. You may also be able to use Forces Help to Buy if you've owned a home before or are moving from one home to another.
Our complete Forces Help to Buy guide
Forces Help to Buy has rules around who can use it, the home you're buying, Service accommodation and what happens after you buy.
Our complete guide explains the scheme from start to finish, including how much you can borrow, applying through JPA, using Forces Help to Buy alongside your mortgage, monthly repayments, postings, moving home and leaving the Armed Forces.
How Forces Help to Buy works
Borrow up to £25,000
You can borrow up to 50% of your basic pay, to a maximum of £25,000.
Repay it from your military pay
The loan is normally repaid through monthly deductions from your military pay over 10 years.
Use it alongside your mortgage
Forces Help to Buy doesn't replace your mortgage. The two work alongside each other, and your mortgage lender will take your monthly Forces Help to Buy repayment into account when deciding how much you can borrow.
Use it for more than your deposit
As well as your deposit, Forces Help to Buy can be used towards certain other costs of buying your home, including legal and surveyor's fees.
Forces Help to Buy and your mortgage
Not every mortgage lender accepts Forces Help to Buy, and lenders don't all assess the monthly repayment in the same way. This means the amount of Forces Help to Buy you use can affect how much you're able to borrow on your mortgage.
There can be other differences too. For example, very few lenders accept two Forces Help to Buy loans where two Service personnel are buying together.
Our Armed Forces specialist mortgage advisers understand how different lenders approach Forces Help to Buy. We can help you work out how much of the loan to use, find a suitable mortgage lender and bring the two parts of your purchase together.
As you're part of the Armed Forces community, you'll never pay us a fee.
How can we help you?
Tell us what you'd like help with and we'll take it from there.
Get in touch
Hear it from our Armed Forces customers...
Getting you the best mortgage deal is only part of what we do - we also work hard to make sure every serving member, veteran and military family gets outstanding, industry leading service along the way. Have a read of what our Armed Forces customers think about their experience with us.
Proudly supporting the Armed Forces
We're proud to be supporting SSAFA, the Armed Forces Charity and also be signed up to the Armed Forces Covenant
Connect with us on social media
