Military Mortgages
Tailored Solutions for Armed Forces Personnel.
With Nathan Hill, our resident expert and a serving marine, Chris Hazell Mortgages has excellent firsthand knowledge of the unique challenges military personnel face when securing a mortgage. Frequent relocations, overseas deployments, or the need for added flexibility—Nathan’s experience ensures we understand the realities of military life.
We work with a range of specialist lenders to offer tailored mortgage solutions. Popular options like the Forces Help to Buy scheme can help make the home-buying process smoother for you and your family.
What Are Military Mortgages?
Military mortgages are not a specific product but standard residential mortgages that have been adapted for the unique circumstances of military personnel, including the British Army, Royal Navy, Royal Air Force, and civilian support staff. We collaborate with specialist lenders who understand military life’s complexities, offering more flexible lending terms. Whether you’re stationed abroad or regularly moving within the UK, we can help you find a mortgage that fits your unique needs.
Forces Help to Buy Scheme
One of the most popular options for military personnel is the Forces Help to Buy (FHTB) Scheme. This government-backed initiative allows you to borrow up to 50% of your salary, interest-free, up to a maximum of £25,000. The funds can be used for your deposit, legal fees, or moving costs, helping you get on the property ladder or move to a new home.
Key points about Forces Help to Buy:
- Borrow up to £25,000 interest-free.
- Repayable over 10 years.
- Can be used alongside schemes like Shared Ownership or First Homes.
- Available to regular service personnel who meet the eligibility criteria.
To learn more about applying for the Forces Help to Buy scheme, contact Nathan today.
Specialist Lenders for Military Personnel
Finding the right mortgage with mainstream lenders can be tricky for armed forces members. However, specialist military mortgage lenders offer more flexible terms and understand the challenges you face. These lenders may provide:
- Consent to Let arrangements, allowing you to rent out your property during deployments without switching to a buy-to-let mortgage.
- More lenient criteria for credit history, considering the impact of frequent moves or overseas postings.
- Mortgage options for those stationed abroad but looking to buy or remortgage in the UK.
Additional Support for Military Homebuyers
In addition to the Forces Help to Buy scheme, military personnel can benefit from:
- Shared Ownership: Buy a share of your home and pay rent on the remaining portion, with the option to purchase more shares in the future.
- First Homes Scheme: Get a discount of 30% to 50% on new-build properties if you’re a first-time buyer or key worker.
Why Choose Chris Hazell Mortgages?
At Chris Hazell Mortgages, we pride ourselves on providing specialist mortgage advice tailored to the military community. With Nathan Hill, a serving marine, on our team, we have a deep understanding of the challenges faced by armed forces personnel. Nathan’s real-world experience allows us to offer practical, informed advice that addresses the complexities of military life, such as frequent relocations or deployments.
Whether you’re buying your first home, moving up the property ladder, or looking to remortgage, we connect you with lenders who understand your situation and make the mortgage process as smooth as possible.
Meet Nathan Hill
As an active Royal Marine, my commitment and determination don’t stop within the military. I’m also dedicated to helping people navigate the complexities of the mortgage process. With a strong sense of duty and a passion for financial empowerment, I provide the guidance needed to achieve homeownership goals.
Whether you’re a first-time buyer, home mover, looking to remortgage, or in the buy-to-let market, I’m here to guide you through the process and ensure we find the best product to match your individual needs. To protect your financial future and safeguard your investment, I also advise on products such as life insurance, critical illness cover, and income protection.
Ready to get started? Contact Nathan today for a free, no-obligation consultation. We’re here to help you navigate the complexities of military mortgages, ensuring you and your family find the perfect home with peace of mind.
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Find out the perfect option and ready to implement strategy for you.
Email Me
nathan@chrishazellmortgages.co.uk