Military Mortgage Broker???

DebtFree14_2

Hi Guys

I am in the military and was wondering if anyone knows anything about mortgages using Armed Forces Help to Buy (AFHTB) (formally LSAP)

I get approximately £20000 deposit from the military and this can be used with the new Gov Help to Buy scheme( 5% deposit, 20% equity loan and 75% mortgage)

My question if anyone knows. Am I eligible for all mortgages or am I limited as I am using the military funds??

Any help would be appreciated

ACG

Have they pulled LSAP?

DebtFree14_2

They have pulled LSAP but replaced it with something better!! Yep you heard it correctly. You now get a loan of 50% of your annual salary including specialist pay. Its now called Armed Forces Help to Buy (AFHTB)

It started on 1st Apr

ACG

Every day is a school day.

There is a broker who comes on here - although i havnt seen them for a while - for the life of me i cant think of their name. They do a lot of armed forces mortgages.

I have just read that back and its about as useful as a glass hammer. Maybe one of the other regulars will remember their name.

kingstreet

For more details on the scheme, contact your local HTB Agent. They told me about the scheme back in January when it was first mooted.

The HCA has just changed its HTB Agents from 1/4, so make sure you get the up to date list.

DebtFree14_2

Thanks King

Ive been trying to get on the site but its currently down. Do you know if you use a HTB agent in the area you live or the area you want to buy?

kingstreet

Where you want to buy.

DebtFree14_2

Somerset or Wiltshire

JPB123

AFHTB can be used exactly the same as LSAP. The Homebuy agents will treat Military families as preferred buyers. You can use the full amount as deposit and it has guaranteed acceptance, subject to the mortgage being a min of 25% of the purchase price.

I am an Independent Mortgage Adviser

You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.