Buying a house - AFHOS


Has anyone used or have any info about the pilot Armed Forces Home Ownership Scheme?

We have applied & are in the process of gathering info for a financial assessment before we see if we are approved.

We're curious to know what others' experiences have been and whether it could 'back fire' on us later. Assistance is provided in the form of a 2nd charge on the property, and interest is free while serving. Once we are out of the army interest rates will slowly increase and will peak at 2% above the Royal Bank of Scotland rate. Does this sound reasonable?

If you put AFHOS into google the website comes straight up with more info.



  • theerrolltheerroll Forumite
    55 Posts
    I am also looking at doing this!
    How has the process been so far for you?
    I have figured that if you stay in for as long as you would have saved for then the interest saved would outweigh or be more than the money saved over the period of time.
    Unless you were putting half your pay away every year!
  • I haven't used that same scheme but we went through the government first buy scheme and had no problems at all with the whole process. We used lsap towards the deposit and were told if u are eligible for lsap then your eligible for the first buy scheme as they use the same application process. We went through orbit
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