Skip to main content

Forces help to buy

Forces Help to Buy (FHTB) extension & changes


The Forces Help to Buy scheme was established in April 2014 with the aim of helping military personnel to take the first step onto the housing ladder, move to another property closer to a posting or make alterations to an existing home.

The scheme has been extended until the end of 2022. According to the MOD it has lent more than £280 million to more than 18,000 personnel since its 2014 introduction.


Who can use the scheme?

All regular personnel who:

  • have completed the pre-requisite length of service
  • have more than 6 months left to serve at the time they apply
  • meet the right medical categories.
See also  13 things that can hold up your mortgage application

However, it is recognised that there may be instances where exceptions to the standard rules may be justifiable, especially where there are extenuating medical and personal circumstances.


Criteria and Mortgage changes

There has been a subtle update to eligibility rules for the Forces Help to buy in 2020. This is because the existing eligibility criteria differs across the single Services. This means that some with extended Phase 2 training have been excluded from the scheme for much longer than others.

The change to eligibility has been agreed to achieve a consistent triService approach so that all regular Serving personnel who have completed Phase 1 training will be eligible to apply for FHTB after 12 months service from the date of enlistment.

See also  Home improvements you can take with you.

As a result, the new change is that scheme personnel must have completed 12 months service from the date of enlistment AND completed Phase One training.

  • addition to original criteria which is that the SP must.
  • be in Regular Service.
  • have at least six months left to serve at the time of application.
  • In the last twelve months, not have owned a property within 50 miles of the proposed house purchase.

If you are military, are eligible through certain criteria, you can borrow 50% of your salary, to a maximum of £25,000 interest free to buy your first home.

To learn more about the criteria please click HERE.

Mortgage Squared specialise in helping our service men and women to obtain the right mortgage for their needs.

See also  Buy to Let Mortgages explained

If you are serving and wish to speak to one of our advisers then please click HERE

Leave a Reply