Time is running out for members of the armed forces to take advantage of the Forces Help to Buy scheme.

Applications for the scheme, which is available to regular service men and women, must be submitted by 31^st December 2018.

The scheme enables military personnel to borrow up to 50% of their gross annual salary to a maximum of £25,000, interest free, over a period of 10 years.

The loan can be used to purchase a first home, move to another house or, in exceptional circumstances, to extend an existing property.

For more information, click here to read our Forces Help to Buy factsheet and find out how Precise Mortgages can help.