Forces Help To Buy Calculator

Our expertise covers all mortgages including military mortgages, self-employed and bad credit

Military Mortgages

Forces Help To Buy Calculator

When you work in the forces and especially if you are well into your career, it can be hard to save up a decent deposit to purchase a property.  But how do you work out how much you need?  You might be searching online for a forces help to buy calculator but in fact we can help. We have experience being in the same situation ourselves many years ago. Times change and the schemes available to yourself change also. This is why a free consultation with us can ease your worries and we can answer any question you may have. It’s never plain sailing when it comes to buying a house or raising the funds to do this and along the way there could be many obstacles.  Thankfully we understand this and we can take away some of the pressure and stress from you during the whole process.

You can borrow up to 50% of your salary with the forces help to buy to help you raise a deposit to apply for a mortgage scheme and get the property you had your eye on.  Delays during the process could cost you your dream home or even just leave you our of pocket. This is why we guide you every step of the way.  Mainstream providers might require more proof of income or certain documents, we have knowledge of this and can act accordingly. We also have access to some great product providers not on the high street so we can help you no matter what your circumstances are.

Forces Help To Buy Calculator

How it works is you can borrow up to 50% of your salary to use as a deposit up to an amount of £25,000.  This is an interest free loan as well. This scheme is open to personnel who have completed the pre-requisite length of service time and have more than six months of service still to serve. The loan can only be used to buy a home you or your family will live in and not a buy-to-let property. If this all seems daunting, then fear not as we can help you with the process form start to completion.  If you are based overseas or move around a lot, then this is the perfect solution for you to help you get your permanent home when you settle back in the UK.

You Can even use part of the loan to pay estate agent fees and other fees associated with buying a new home. You must have at least 6 months left to serve to apply. The process is very straightforward and simple but again we can help you if you don’t fully understand it all.

How Much Do I Have To Pay Back?

You don’t need a forces help to buy calculator to work this out. It will all depend on how much you borrow. But your loan amount is divided over ten years and you pay back that amount monthly (you can choose to make overpayments).

Forces Help to BuyThe more deposit you have if you use the forces help to buy the more options you will have when it comes to lower interest rates and schemes open to you. We also search the whole of market too, so you get access to the newly released schemes and offers available. These change daily so you can be assured you are being presented with the latest offers out there. At all times you will be made aware of any fees and payments including the monthly repayment figures and any early repayment fees as well. It’s not just about the monthly fee but there are a multitude of other fees and costings you might not be aware of and we make sure you are fully aware of these at all stages of the process.

Get the support you deserve when trying to get on the property ladder and avoid lengthy delays which could cost you your potential new home. We offer a free initial consultation also to get you started and make you aware of what’s involved and the process. If you have spent hours searching for forces help to buy calculator then our free chat is what you need and you will have all the information you need to make an informed decision.