Forces Help to Buy Scheme: MOD support for armed forces property purchase

Did you know the Ministry of Defence (MOD) offers the Forces Help to Buy Scheme to help military personnel buy a home?

This scheme allows service members to borrow up to 50% of their annual salary, interest-free, up to a maximum of £25,000. These funds can be used as a deposit or to cover essential costs like legal or survey fees when purchasing a first home or moving due to assignment or family needs.

Since its initial launch in April 2014, the Forces Help to Buy Scheme has helped increase home ownership among armed forces personnel. Recently, it was extended as an enduring policy, meaning it remains available for eligible service members beyond 2023.

Who qualifies for the forces Help to Buy Scheme?

While the MOD provides full details of eligibility in the JSP464 document, applicants must meet specific service requirements. It’s essential to confirm individual eligibility, as this can vary depending on factors like length of service and deployment. Our team at Wilkin Chapman can help you understand the requirements and guide you through this process.

Why choose Wilkin Chapman for forces Help to Buy?

With a dedicated military sector and experienced conveyancers, Wilkin Chapman provides specialist knowledge of the Forces Help to Buy Scheme and broader property services. Our conveyancing team has worked extensively with armed forces personnel and understands the unique challenges they face, whether buying a home during active service or securing an investment for the future.

As members of the Law Society’s Conveyancing Quality Scheme (CQS), we adhere to the highest standards of conveyancing for military personnel, providing reliable service and local expertise. Our deep knowledge of MOD requirements allows us to navigate any issues that may arise and streamline the legal process, helping service members avoid potential hold-ups or unexpected obstacles.

Whether you’re ready to buy your first home or relocating for a new assignment, our team is here to assist with all aspects of Forces Help to Buy. Visit our conveyancing page to learn more about how we can help with your property needs.