Forces Help to Buy
A fantastic scheme to help Armed Forces service personnel buy a new home.
In 2014 the Government launched Forces Help to Buy; a deposit loan scheme from the Ministry of Defence (MOD) for regular Armed Forces members to use along with Help to Buy. It has been extended until 31st December 2022.
How it works
The scheme aims to make it easier for Britain’s regular Armed Forces personnel to borrow their 5% deposit from the MOD. They could also take advantage of Help to Buy (subject to eligibility) – the popular scheme that has already helped so many onto the property ladder across the UK. The scheme provides the necessary boost to secure a 75% mortgage with a 20% Help to Buy equity loan funded by Government.
Who is eligible?
The scheme offers an interest free loan to applicants of up to 50% of their salary, with a maximum of £25,000. The loan is repayable in monthly installments over the term and the typical amounts per rank are listed below:
How do I apply?
Don’t miss out on this brilliant opportunity to own a beautiful brand new David Wilson home. Get in touch with one of our stunning developments and speak to one of our experienced Sales Advisers or register to receive the latest updates via email.
For more information visit the Ministry of Defence's website