Update to the Forces Help to Buy policy from April 2018

15th May 2018

Update to the Forces Help to Buy policy from April 2018

In early April, the policy document (JSP 464, Pt, Chapter 12) for Forces Help to Buy was updated to include ‘ironing out’ the issue surrounding eligibility for those commissioning:

Section III, para 1211.d(8)

“Where an individual Commissions from the Ranks, they will retain their eligibility for FHTB if they had been eligible prior to their Commissioning. Where there is a time served requirement (i.e. for Army and RAF personnel), the time served can be accumulated between an individual’s non-commissioned and commissioned service.”

If you are thinking of getting onto the property ladder, give us a call us at Forces Family Finance on 0330 332 2614 (local rate), or email us at customerservices@forcesfamilyfinance.co.uk to for more information and financial advice specifically for forces families.

For more information about the scheme from the Government, please see: https://www.gov.uk/guidance/forces-help-to-buy.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Forces Help to Buy

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