FH2B with intent to Holiday Let

Harrier3

Apologies if this is incorrect format for this forum, however.

I'm looking at getting a mortgage and wish to make use of the forces H2B scheme. I intend to let the property out for 16 weeks of the year as a holiday let.

Is there anything stopping me, as a first time buyer, using the FH2B scheme and doing this?

TIA

Harrier3

peteuk

Have a look at JSP 464 Vol 1 Pt 1 Section VII Letting, Sal and remortgage of Properties. 

My reading is no, based on the the wording a FHTB claimant may, on permanent assignment to a duty station greater than 50 miles from their FHTB property apply to their CO for permission to let a property purchased or extended with the aid of a FHTB. 

One question I would ask is where would you be during this 16 week period?  And where are you to actuall want to use it as a holiday let?

Harrier3

I will soon be taking the plunge, however trying to clear a few things up. I've been recommended several different things at this point from several different estate agents.

16week period would be spent on base (Suffolk as it stands, however likely moving north soon). While the house would be located closer to home, on the Yorkshire coast).