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Giving those in the Armed Forces a helping hand on to the property ladder in conjunction with Help to Buy.
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On the 1st April 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, to purchase a new build house with just a 5% deposit and a 75% mortgage.
The scheme aims to make it easier for Britain’s regular Armed Forces personnel to borrow their 5% deposit from the MOD and take advantage of Help to Buy – the popular scheme that has already helped so many on the property ladder across the UK. The scheme is available to regular Armed Forces Personnel who are first time buyers and those who may need to move due to a change in circumstances. It 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 instalments over the term and the typical amounts per rank are listed below:
With the help of a Forces Help to Buy deposit loan Armed Forces are given the necessary boost to secure a 75% mortgage with a 20% Help to Buy equity loan funded by Government. Don’t miss out on this brilliant opportunity to own a new home of your own. Visit one of our developments and talk 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 Help to Buy terms and conditions
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Barratt Homes is a trading name of BDW TRADING LIMITED (Company Number 03018173) a company registered in England whose registered office is at Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire, LE67 1UF, VAT number GB633481836. Prices correct at time of publishing. Calls to 0844 numbers cost 7 pence per minute plus your phone company’s access charge.