Have you considered Forces Help to Buy (FHTB)?
FHTB is an advance of salary scheme which was introduced in April 2014 and allows Service personnel to borrow money in order to buy their first home or move to a new location.
The scheme enables Service Personnel to borrow up to 50% of their salary, up to a maximum of £25,000, interest free towards the purchase of a property.
A total of 31,055 payments have been made under the FHTB scheme since it was introduced in April 2014 (as at 30 June 2024). With an average claim of approximately £15,526, this has resulted in expenditure of over £482 million! More statistics at this Quarterly Report Forces Help to Buy Quarterly Statistics – Quarter 1 2024/25 – GOV.UK (www.gov.uk)
Take a look…could Forces Help to Buy work for you and your family? More information about the scheme including eligibility and how to apply can be found at Forces Help to Buy guidance.
