We now accept the Forces Help to Buy loan as a mortgage deposit.
The Scheme is open to serving members of the armed forces and lets them borrow up to 50% of their annual salary - up to £25,000 - interest-free, to put towards a residential purchase. The loan is repaid in equal instalments over a 10 year period - deducted from their salary with a small insurance premium.
Just so you know, the Forces Help to Buy loan and insurance payments should be included as expenditure within the application so we know how much the customer will be paying. To keep things speedy, we don’t need the customer’s personal information note from the MoD which confirms their loan.
You can find full details of our lending criteria page.
If there’s anything else you need to know, have a chat with your Business Development Manager.
If you are not an intermediary of the Bank, you should not refer to the information contained in this website. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise retail clients, you must ensure it conforms to the Financial Conduct Authority's mortgage conduct of business rules. This site is intended for UK residents (who are intermediaries of the Bank) unless otherwise stated.
Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 177 Bothwell Street, Glasgow G2 7ER.
