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Forces Help to Buy Scheme

Forces Help to Buy Scheme extended until 2022

Launched in April 2014, it was thought that the Forces Help to Buy Scheme was going to come to a close in December 2019. However, the Defence Secretary Gavin Williamson has announced an extension of the Forces Help to Buy (FHTB) scheme until the end of 2022*. The scheme allows regular serving forces personnel to borrow an interest-free deposit of up to half their annual salary.

What does this mean for Home Buyers?

Adam Nanson, Managing Director at Your Mortgage Expert comments:

“The scheme is designed to helped UK Forces Personnel to get on the property ladder. Serving military personnel are permitted to borrow up to 50% of their salary (capped at £25,000) to buy their first home, extend their current one or move to another property on assignment or as their needs change. The loan can also be used towards a deposit and other costs such as solicitor and estate agents’ fees and can be repaid over a period of up to 10 years.

“It is great news that this scheme has been extended as it has been really popular. It also means that, if families are thinking of using the scheme in the future, they have more time to plan and to save.”

How Your Mortgage Expert can help

Adam continues:

“Members of the armed forcesArmed Forces Mortgages often tell us that they have difficulty when applying for a mortgage. Because they been stationed abroad for long periods or have multiple UK addresses because they’ve been stationed multiple places over the last few years, this can impact their credit rating and impact their ability to take out a mortgage loan.

“We understand these frustrations. And, as we are based in a strong armed forces area, we have helped many members of the armed forces arrange their mortgages, even when they have hit a brick wall in the past.

“We also understand how the Forces Help to Buy scheme works and can advise forces personnel on how to use the scheme, whether as a deposit or to help with other permitted fees.”

To find out more about how we help armed forces personnel, please visit our dedicated page. We also have a number of testimonials on our website which show how we have helped forces families access mortgages within the Salisbury area.

If you are interested in finding out more about the Forces Help to Buy scheme why not contact Your Mortgage Expert. We don’t charge for the initial consultation, so by speaking to us, you are under no obligation. We are based in Salisbury, Wiltshire, but we can help you no matter where you live in the UK.

Simply call us on 01722 322683 or complete a contact us form on our website and tell us when it would be best to get back in touch with you.

The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime Ltd cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683.


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Your Mortgage Expert is a trading name of Your Mortgage Expert Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

Registered Office Address: 18 New Canal, Salisbury, England, SP1 2AQ. Registered in England Number: 08924507.

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