Forces Help to Buy loans £100m for home purchases in first 2 years
Chief Petty Officer (CPO) Tristan Lawtey received a loan from the Forces Help to Buy scheme in January of this year, enabling him and his wife to purchase a property. Describing the experience, CPO Lawtey said:
“I did some research on various schemes when we were thinking about buying a house. After some thought, we decided that Forces Help To Buy was the best option for us. As is generally the case with buying a house, there were some challenges, like we were outbid on some properties that we liked. We finally had an offer accepted and the whole process was very easy to complete.
All the way through the Forces Help To Buy team were really supportive; answering questions and offering advice on how to move the application forward. Once we had completed the initial paperwork with the solicitors, the Forces Help To Buy team handled the process of the purchase. We would have struggled to get a deposit together for our own home without this scheme, and with the repayments coming straight out of our salaries it makes it really easy.
Me and my wife are now in the process of redoing the kitchen and one of the bedrooms for a home office – my wife is a self-employed architectural designer and works from home. The plan is to stay in the house until I transition out of the Royal Navy in six and a half years, and then we will assess where we want to live after that. Owning our home is going to make a real difference.”