Kensington stands behind Forces Help to Buy

From April 1 regular service personnel will be able to borrow up to half of their salary to a maximum of £25,000 as an interest free loan to contribute towards a home deposit.

Kensington will accept the Forces Help to Buy mortgages across its residential purchase range up to 85% loan to value.

Alex Hammond, 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.”

The Forces Help to Buy loan, available to married, civil partnered and single regular personnel, is to be repaid over 10 years.

Rob Killeen from Capital Fortune, a specialist mortgage broker, added: “The challenge with finding mortgages for forces personnel is that they are often not found on the electoral roll and frequently have limited credit as a result of being out of the UK.

“Forces personnel are an excellent example of where manual underwriting can help applicants to secure the mortgage they need, and this approach combined with Forces Help to Buy is very good news for all those in our forces who are looking to buy a home.”