Virgin Money and Clydesdale Bank now accept the Forces Help to Buy Scheme

Great news, Virgin Money and Clydesdale Bank now accept the Forces Help to Buy loan as a mortgage deposit.

The Scheme is open to serving members of the armed forces and lets them borrow up to 50% of their annual salary - up to £25,000 - interest-free, to put towards a residential purchase. The loan is repaid in equal instalments over a 10 year period - deducted from their salary with a small insurance premium.

The Forces Help to Buy loan and insurance payments should be included as expenditure within the application.

You can find full details the lending criteria on the Virgin Money website and Clydesdale Bank website.

If you’ve got any questions, just get in touch with your Business Development Manager.