Kensington has confirmed it will offer Forces Help to Buy across its complete residential purchase range when the scheme launches next week.
From 1 April 2014 Regular Service personnel will be able to borrow up to 50% of their salary (to a maximum of £25,000) under the scheme as an interest free loan to contribute towards the deposit for a home.
Kensington will accept the Forces Help to Buy mortgages across its Residential purchase range, which is available up to 85% loan to value.
Alex Hammond (pictured), head of marketing communications at Kensington, said: “Lending decisions at Kensington are not made by an automated system, but by experienced underwriters who are able to consider more complex circumstances that may cause applicants to fail a credit score elsewhere.
“This means we offer a good choice for services personnel who may have moved frequently with their post or spent time out of the country that has had a detrimental impact on their credit record.”
