Saturday, 9 July 2016

The Forces Help To Buy Scheme (FHTB)


The Forces Help to Buy Scheme 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. 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. For information can found on the Goverment website, just click on the link below: