Welcome to Spolton Mortgages, where we specialise in helping service personnel achieve their dream of homeownership by utilising the Armed Forces Help to Buy Scheme.
That’s why we’ve made it our mission to simplify the process for you and your family.
As a family-run business, we believe in building enduring customer relationships. Our team of specialists, led by Nick Spolton, a former Senior Bank Manager at Lloyds Bank, is dedicated to providing you with straightforward, honest advice and support throughout your mortgage journey.
One of our specialities is helping service personnel access the Forces Help to Buy Scheme. The scheme enables service personnel to borrow up to 50% of their salary, up to a maximum of £25,000 interest-free towards purchasing a property. It’s an excellent way for service personnel to achieve homeownership, and we have helped many clients access this scheme.
Our experience and unique approach mean that we really understand the problems faced by service personnel. We understand that service personnel may want to buy a house but will often spend a couple of years or more posted away to other parts of the world.
We can help get a mortgage with a typical deposit and work with lenders that will allow the property to be rented out whilst at the same time using a standard residential mortgage. This is an excellent option for service personnel who are often on the move and want to secure a home for their future while also having a tenant who can help to pay the mortgage whilst posted away.
We have years of experience working with service personnel and have helped many clients purchase their first homes, including those based at RAF bases near our office in Sleaford, Lincolnshire.
If you’re ready to take the first step towards homeownership, we’d love to hear from you. Contact us today to schedule a consultation with one of our specialists. We’ll work with you to understand your unique situation and help you confidently navigate the mortgage process.
Don’t let the stress and complexity of purchasing a home hold you back. Let Spolton Mortgages simplify the process for you and your family. Contact us today, and let us help you achieve your dream of homeownership.
Low deposit requirement: The Forces Help to Buy Scheme allows service personnel to borrow up to 50% of their salary, up to a maximum of £25,000, towards purchasing a property, which can help to reduce the amount of money needed for a deposit.
Interest-free loan: The loan provided under the scheme is interest-free, which means that service personnel will not have to pay any additional interest on the loan amount, making it more affordable.
Increased home ownership: The Forces Help to Buy Scheme aims to address the low rate of home ownership within the armed forces by providing service personnel with more affordable options for homeownership.
Flexibility: The scheme allows service personnel to take a mortgage with a typical deposit and rent the property out straight away with some lenders, allowing them to buy using a standard residential mortgage (not buy to let) and rent the house out. This is a great option for service personnel who are often on the move and want to secure a home for their future while also having a tenant pay the mortgage.
Recognition of the positive impact of owning a home: The Forces Help to Buy Scheme recognises the positive impact owning a home can have during an inherently mobile career, it’s a way to ensure that service personnel have a stable home to return to and a sense of belonging.
See how we’ve helped others achieve their dream of homeownership.
At Spolton Mortgages, we understand that purchasing a home can be a complicated and stressful process, especially for those in the armed forces.
Don’t let the stress and complexity of purchasing a home hold you back. Let Spolton Mortgages simplify the process for you and your family. Fill in the short form below, and let us help you achieve your dream of homeownership.