Wednesday, 9 March 2016

Forces Help To Buy Scheme - Buying Your Own Property


The Forces Help To Buy Scheme (FHTB) was launched on 1 April 2014 as a three year pilot scheme. FHTB enables Service personnel to borrow up to half their annual salary (up to a maximum of £25,000) and is intended to assist towards the balance of the purchase price (taking into account, for example, deposit, legal, surveyors, land registration and estate agent fees) when buying a property for which a mortgage lender is willing to advance a mortgage. 

Whilst this handout is intended to provide an overview of the FHTB scheme and application process, any personnel looking to utilise FHTB should familiarise themselves fully with JSP 464 Part 1 Chapter 12 where full details of the eligibility and qualifying criteria can be found. 

Read the full details Click Here.....