This scheme, designed to help you get on the property ladder, launched on 1 April 2014 and as of 1 January 2023 is an enduring policy available to all serving personnel and subject to certain criteria.
- You will be able to borrow up to 50% of your salary and any recruitment and retention pay (formerly Specialist Pay) up to a maximum of £25,000.
- The FHTB scheme is an interest free advance of salary and is to be repaid over ten years.
- It is available to Regular personnel to buy their first home or move to a new location (more than 50 miles from their current property), although there may be some exceptions to this.
- Most mainstream mortgage providers accept FHTB, but you should first check with your proposed lender before progressing any formal mortgage application.
- Approval for FHTB is no guarantee that a mortgage lender will advance a mortgage.
Tel Internal: DBS (9)4560 3600 Option 4
Tel External: 0141 224 3600
