Forces help to buy.

[Shipsdog1]

Shippers.

Does anyone know if I’ve already had and paid back LSAP, can I apply for ‘help to buy’ too? And If I leave the Mob few years down the line, does the help to buy money cross over to government loan? Thanks.
Shipsdog (not actually a shipsdog, vom)

 

[Genghis]

I would like to know this too, I too am looking at going along that route to help pay for a house and it'd be helpful to know how much comes out of the pay per month to repay the loan and what happens if and when I leave later on down the line with an amount still owed.

 

[Genghis]

I found this link which seems pretty good but it doesn't answer what happens if you leave the Mob... Forces help to buy must be paid back over 10 years so £10,000 works out about 80 odd quid a month

https://www.moneyforce.org.uk/Managing-money/Spend/Buying-a-property/Forces-Help-to-Buy-Scheme

 

[David90]

You can get FHTB even if you still have a bit of LSAP left to pay, they just add that to the FHTB amount up to the limit.

When you get out there are a few things that can happen:

• Pay off remaining amount through final year
• Elect to pay remainder with final payout (resettlement grant, pension etc)
• Create a crown debt

All of the options must be discussed between the FHTB team and yourself.

 

[Shipsdog1]

much appreciated lads,

Shipsdog