GREAT news! The Forces Help to Buy (FHTB) scheme, which can help you to buy your own home, has been extended for a further three years until the end of 2022.
The scheme allows your soldier to borrow an interest-free deposit of up to half their annual salary and has already helped more than 18,000 people get on the property ladder since it was introduced in 2014.
“I wouldn’t be sat in my own house if it wasn’t for this scheme,” said army spouse Lynsey Smitheringale. “I’d definitely recommend it to others 100 per cent.”
Zoe Vdz, who’s moving into her own home before Christmas added: “Without it, we couldn’t have done it. It’s such a great scheme for getting service families on the property ladder.”
AFF Chief Executive Sara Baade welcomed the news: “This gives army families plenty of time to plan their future and buy their own home.”
The FHTB loan, which has to be repaid over ten years, is capped at £25,000. It can also be used to cover other costs such as removals and estate agent fees.
Johnny Mercer, Minister for Defence People and Veterans, said: “The extension of the Forces Help to Buy scheme is fantastic news for all those wanting to take that first step on to the property ladder. The scheme helps to provide stability for our armed forces personnel and families, as a thank you for their commitment to their service for this country.”
To find out more, contact the Joint Service Housing Advice Office at RC-Pers-JSHAO-0Mailbox@mod.gov.uk