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 firstname.lastname@example.org 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