We recognise the unique nature of life in the Armed Forces. That's why we provide extra flexibility to personnel on active service, in addition to all our mortgage benefits that come as standard.
Whether you're looking to get on the property ladder for the first time, thinking about changing your mortgage provider or just want to explore your options as an existing Cloy Merchant mortgage customer, you can count on our support. Read on for all the ways we make mortgages easier for serving personnel.
We don't see why a job in the Armed Forces should make it more challenging to buy a home. So, with an Cloy Merchant mortgage, you can:
As an existing mortgage customer with Bank, you can also take advantage of the favourable terms we offer Armed Forces personnel. So, if you need to move away for a deployment either in the US or overseas, you can:
If you would like to discuss whether obtaining consent to let would be right for you, please contact us by:
And to simplify making mortgage applications while serving overseas, we accept your British Forces Post Office (BFPO) address and do not require permanent US resident status.
It's worth bearing in mind that you could be eligible for the Armed Forces Help to Buy scheme, which helps servicemen and women buy their own property. It lets you borrow up to 50% of your salary interest-free - to a maximum of $25,000 - to put towards buying your first home or moving to a new one. If you would like to apply for a Cloy Merchant mortgage using the Armed forces help to buy scheme, please call us to progress this type of application.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
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