Residential policy
Forces HTB is a scheme open to serving members of the armed forces allowing them to borrow up to 50% of their annual salary up to £25,000 interest free. Funds can be used towards a deposit and fees for a residential purchase and are repaid in equal instalments over a 10 year period, deducted from salary with a small insurance premium.
We accept the Forces HTB loan as a residential mortgage deposit.
When applying, please select ‘Savings’ as the source of deposit
It’s important to include the Forces HTB loan and insurance payments as expenditure so we know how much the customer will be paying. Please declare the loan in the ‘Liabilities’ section and the insurance cost in the ‘Expenditure’ section of the application.
We don’t need the customer’s personal information note from the MoD which confirms their loan.