Forces Help to Buy scheme made permanent
The Forces Help to Buy scheme has been made permanent as part of the Government’s enduring commitment to supporting our Armed Forces (19 December 2022).
The scheme enables Serving Personnel to borrow up to 50% of their gross annual salary (up to a maximum of £25,000) to encourage and support home ownership and enable the option to Self-Build. This advance is interest free, repayable over a maximum of ten years and is open to most regular personnel with more than 12 months’ service.
The Forces Help to Buy pilot initially began in 2014 and it will become an enduring Ministry of Defence policy on 1 January 2023. It is expected that approximately 5,000 Serving personnel will use the scheme per year to help them with home ownership.
Read more about the scheme on the Forces Help to Buy page.