Forces Help To Buy 12 October 2015 at 5:24PM in UK armed forces MoneySaving 11 replies 18.2K views

mrscutlass

Is anyone aware of the timelines of the scheme? We're stuck at the moment, we've sent the promissory note back, JPAC have said they received it last week. Now, our solicitor is saying she is waiting for contact from JPAC, and JPAC are saying they are waiting for contact from the solicitor. Does anyone know what is supposed to happen after the promissory note?? Totally confused and frustrated -_- Thanks in advance!

mrscutlass

So for those who are still looking for answers, I appear to have found some.

The process from the start!

Applying for the FHTB initially you will need to have a solicitor lined up. The initial application to get approved doesn't have a hard and fast number but I think ours took a couple of weeks.

After you have been approved for the funding, the next piece of paperwork you will need is the PIN form and this is needed for your mortgage application to prove the funding. This takes 10 working days and is sent to your solicitor and the serving persons place of work. We had a problem with this as my husband's place of work was on his previous ship and JPA hadnt been updated. He phoned JPAC and they arranged for one to be sent to our home address.

Then it's back to the usual house buying process, the mortgage application, the searches etc. I highly advise pushing your solicitor to get a conversation going with JPAC, ours has been pretty useless and left everything to the last minute.

So once your searches are done you're on the home stretch! Your solicitor will send you a form from JPAC called a 'promissory note', just saying you are willing to pay it all back etc. That takes up to 10 working days to process once they receive it from the solicitor. Ours took five working days. This is where we are now

You then agree a completion date, JPAC get rid and then it takes max 10 working days for the funds to be released!

I really hope this had helped someone, I wish I had known this from the beginning as buying a house is stressful enough, as well as being a first time buyer!

Swash

Hi,

Did you find the house you wanted before you applied for the FHTB?

stephenni1971

House first, FHTB application after...

Andy750

I've just applied to have FHTB and I've been rejected for this reason: Rejected as you have stated that you have owned a previous property but you have not given the full address of the sale!

On the electronic application in part D it asks for Property details:
1) Do you legally own or part own a property? Ans Yes

2) Do you legally own or part own a property which you intend to sell? Ans Yes

3) Have you previously owned a property? Ans Yes


I gave the answer Yes to question 3 because of my current property.


I then give my current address of the property I own as I intend to Part Ex, I then give it a dated to which it will be sold as I want to Part Ex on a new build.


Would anybody have a clue as to what I have done wrong to get the rejection from FHTB. What's even worse, there is no comments box to support your application.


Thanks for your help in advance

Pyro.

Just curious, currently looking for houses at the moment - still yet to pick a good lender.
When applying FHTB can i put any solicitors in for the application? As i would update immediately once one was in place.

Unsure on a lender at the moment and also solicitors..

stephenni1971

Pyro. wrote: »

Just curious, currently looking for houses at the moment - still yet to pick a good lender.
When applying FHTB can i put any solicitors in for the application? As i would update immediately once one was in place.

Unsure on a lender at the moment and also solicitors..

You've had an offer accepted on a property? And you don't have mortgage or solicitor arranged?

Pyro.

No, we are currently just looking at houses. We are looking at all the possible mortgages on the market and also considering speaking to an independent broker as we do not have this in place. As for solicitors, we are hoping to do that alongside the lender, maybe a recommendation.

stephenni1971

You don't apply for FHTB until you have mortgage, solicitor and property sorted. Was just wondering why you wanted to put in souls details if they may change... And sorry I can't offer any recommendation on the site...

Pyro.

Never mind. Found it thanks.

slimmjimm

I'm trying to apply for FHTB at the moment but im not sure sure how to fill out the form correctly (In particular Part C). Who would be the best people to see to help fill it out?