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Residential Property

Schemes for First Time Buyers: Forces Help to Buy

Friday, March 10, 2023

As we near the end of the Help to Buy Equity Loan Scheme (31st March), we take a look at some of the other schemes available to First Time Buyers.

This week’s pick is Forces Help to Buy (FHTB).

The government started this scheme in April 2014 to support members of the armed forces onto the home ownership ladder.

Available to buyers who:

    • have completed the pre-requisite length of service
    • are not a reservist or a member of the Military Provost Guard Service
    • have more than six months left to serve at the time they apply
    • meet the right medical categories

Key Features:

  • The scheme enables service personnel to borrow up to 50% of their salary, up to a maximum of £25,000 interest free towards the purchase of a property.
  • Most major mortgage lenders accept the FHTB loan to be used as the deposit for your intended new home.
  • You do not have to be married or have children to apply – single service personnel can also apply.
  • You will pay 0% interest on the loan. However, you will pay a small amount of insurance each month to protect the loan.
  • You can opt to start making the loan repayments straight away, six months after receiving it, or in your final 10 years of service.

Note this scheme is not intended for the purchase of ‘buy-to-let’ properties or any other second property, but under certain circumstances can be used to extend or modify an existing property. The property does NOT need to be a new build home.

If you have any queries regarding the Forces Help to Buy Scheme, or other schemes available to First Time Buyers, please do not hesitate to contact the residential conveyancing team at Samuel Phillips Law on 0191 255 0255 or email


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