Mortgages for armed forces and veterans
Mortgages for armed forces and veterans
Serving personnel, reservists and veterans can have unusual postings, allowances and pensions that lenders treat differently. Tony helps people from the armed forces compare mortgage options from over 100 lenders and explains how your service pay and pension may be viewed.
Talk to TonyAt a glance
- Advice for serving personnel and veterans
- Access to 100+ lenders and around 28,000 deals
- Rated 5.0 from 235+ Google reviews
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
How Tony can help forces families
Postings, allowances and leaving the service can all affect your mortgage. Tony helps you plan around them.
What lenders may look at
- Lenders usually ask for recent payslips and details of any allowances.
- Some lenders may count regular allowances, and their treatment varies.
- Service pensions may be counted as income by some lenders.
- Moving between postings or leaving the service is easier to plan for if you speak to a broker early.
Meet your adviser
Hi, I'm Tony Flynn
I'm a mortgage and protection adviser based in Carluke, helping people across Lanarkshire and Scotland.
I've spent 15+ years in finance and have been named Mortgage Professional of the Year at the Prestige Awards Scotland five years in a row. I'll explain your options in plain English so you know exactly where you stand.
Armed forces mortgage questions
Can I get a mortgage while serving in the armed forces?
Yes, it is possible. Lenders will look at your income, commitments and credit history, and Tony can search for lenders whose criteria suit service pay and allowances.
What is Forces Help to Buy?
It is a Ministry of Defence scheme designed to help eligible service personnel with the cost of buying a home. The rules change, so Tony can talk you through the current terms.
What happens to my mortgage if I leave the service?
Your income may change, so it is worth planning ahead. Tony can explain how a change from service pay to a civilian job may affect your options.
Do you charge a fee for mortgage advice?
There may be a fee for mortgage advice. The amount depends on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. We will explain this before you commit.
Can you help with protection as well as a mortgage?
Yes. Tony can also advise on life insurance, critical illness cover and income protection alongside your mortgage.
Related pages
More advice for people in similar situations.
Ready to talk it through?
A quick chat with Tony is a good first step. No jargon, no pressure.
Talk to Tony