We are able to accept applications as part of the Forces help to buy scheme.
We’ll need to see a Ministry of Defence Personal Information note confirming:
- Amount loaned under the scheme
- Agreed monthly repayment
- Repayment period
The following criteria also apply:
- Forces help to buy loan cannot exceed either £25,000, or 50% of the customer’s salary
- Customer must be currently employed as part of the British Armed Forces
- Customer/s must be first-time buyers
- Customer/s must not currently, or have previously, owned or held an interest in any property
- Customer must contribute at least 5% of the deposit from their own savings
- For affordability purposes, we’ll classify the loan payment as a credit commitment