Help to Buy Mortgage Advice in York
The Forces Help to Buy Scheme became a permanent policy on 1 January 2023. It supports eligible Regular Service personnel with the upfront costs of buying a home.
It was originally introduced way back in 2014, this £200 million scheme was brought in as a means of helping those in the military to get onto the property ladder. It was meant to go away in December of 2019, but thankfully it stuck around!
How does this help to buy work?
Eligible military personnel will be able to borrow a deposit that is up to half their annual salary (a maximum of £25,000), without any interest added on. This can either be used to purchase their first home as a first time buyer, or move into a new home.
The advance may cover some or all of the deposit required by your lender, but you may still need savings depending on the property price, mortgage criteria and other purchase costs. Subject to the scheme’s rules, the money can be used towards your deposit or costs such as:
- Stamp duty
- Estate agent fees
- Solicitors fees
This is amazing for forces personnel and even better yet, the majority of mortgage lenders will accept the loan as your deposit for a new home.
The advance is normally repaid through salary deductions over up to 10 years. Your mortgage lender will assess affordability and take the repayment commitment into account under its own criteria.
The scheme is available to qualifying Regular Service personnel, rather than reservists or members of the Military Provost Guard Service. You must meet the required length of service and medical criteria and normally have more than six months left to serve when you apply. Exceptions may apply in certain medical or personal circumstances.
Click here to read through further information on the Forces Help to Buy Scheme from the government.
How a mortgage advisor in York may be able to help
Our fast & friendly mortgage advice team in York will support you from day one. From your first call, until completion and beyond, your dedicated mortgage advisor in York will be there to make sure you end up with the most suitable deal for your circumstances.
As a company, we are proud of the levels of customer experience we provide, reducing stress levels and getting results. Book your free initial mortgage appointment and we will see how we are able to help you with your Forces Help to Buy mortgage.
Please note, the Forces Help to Buy mortgages in York is not the same as other standard UK Help to Buy Scheme.
Date Last Edited: October 20, 2026
