Military Life to Homeowner: The Insider’s Guide to Getting on the Property Ladder (Even If You Have No Idea Where to Start!)
Created on 23 Jan 2025
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Updated on 31 Jan 2025
After years of staring at those infamous flowery curtains and magnolia walls in military quarters, the dream of owning your own home is finally within reach. But where do you even start? The process can feel like a minefield—credit scores, mortgage jargon, hidden costs—but don’t worry, we’ve got you covered.
This guide will walk you through exactly what you need to know, from government-backed schemes to secret hacks that could save you thousands. Let’s dive in!
Still Serving? Grab Up to £25,000 with Forces Help to Buy
Did you know the government has a scheme just for military personnel to help you buy a home? It’s called Forces Help to Buy Scheme, and it lets you borrow up to 50% of your salary (up to £25,000) interest-free to cover your deposit, solicitor’s fees, and other costs.
Who Can Apply?
If you’re a regular service member (not a reservist), have served the minimum time, and have at least six months left in service, you’re likely eligible. But even if you don’t meet every requirement, exceptions can be made.
💡 How to Apply: Log into JPA (Joint Personnel Administration system) and get started today!
Already Left the Military? Here’s How to Buy Your First Home Like a Pro
Navigating the housing market as a civilian can feel overwhelming. But we’re breaking it down into simple, actionable steps to help you get ahead.
Step 1: Get a Mortgage Broker Who Knows Military Life
A mortgage broker or adviser can guide you through the home-buying process and help you find the best mortgage options available. Look for military mortgage specialists or brokers familiar with the Forces Help to Buy Scheme, such as Forces Mutual.
🏡 Pro Tip: Check out mortgage experts like Forces Mutual Forces Mutual for tailored advice.
Step 2: Maximise Your Help to Buy Options
Beyond Forces Help to Buy, you may be eligible for government schemes such as:
- Lifetime ISA – Free government cash boost for first-time buyers.
- Help to Buy Wales – Low-deposit homeownership scheme.
- Homebuy Wales – Discounted home-buying support.
💰 Don’t leave free money on the table! Check which schemes you qualify for.
Step 3: Boost Your Credit Score (Before It’s Too Late!)
Yes, your credit score matters—a lot. A poor score could mean higher mortgage rates or even rejection. Check your score ASAP and take steps to improve it if needed.
🔍 Where to start? Use Money Advice Service to check and boost your credit score.
Step 4: Find a Home That’s Right for YOU
Buying a home is a huge decision. Ask yourself:
- What’s my budget? Be realistic—include hidden costs like stamp duty.
- Where do I want to live? Think beyond “nice area” to job opportunities, schools, and transport links.
- New build or fixer-upper? Can you afford renovations, or do you want move-in ready?
- How much space do I need? Bedrooms, garden, parking—consider long-term needs.
- Leasehold or freehold? Freehold = you own it outright. Leasehold = you pay a landlord.
What is the difference between leasehold and freehold?
It is really important that you know whether the property is freehold or leasehold as it may sway your decision to buy.
- Freehold: You own the property and land outright
- Leasehold property: You own the property for a fixed amount of time, leasing it from a landlord who owns the whole building or land it's built on.
Still Undecided? Explore More Housing Options
Not sure if buying is right for you? No problem. There are tons of support services that can help. Check out our housing guides and resources for veterans and the Armed Forces community to explore alternatives like renting, shared ownership, and affordable housing schemes.
💡 Final Thought: The key to homeownership success is knowing your options and taking action. Whether you’re still serving or adjusting to civilian life, there’s help out there—use it!