For active members of the armed forces, residential mortgages and buy to let schemes can all seem a bit of a headache. It can be especially hard to know what to do about getting on the property ladder when your home address changes depending on where you’re based. This problem only escalates if you’re sent abroad for a prolonged period of time.

A popular high street lender has set about trying to solve this exact issue. As a feature to their residential or homebuyer range, those looking to purchase or remortgage a property to let out (that will eventually be their primary residence) can do so on an Assured Shorthold Tenancy (AST) basis.

This will essentially allow you to purchase a new property or remortgage your current residence to let out, whilst remaining on a residential mortgage. This not only provides a secondary source of income whilst you are away, but also means that you can afford to retain your home.

Another benefit to this feature is that it means even those with no experience in the buy to let space can access the advantages it has to offer. As the feature works on the residential range, applicants don’t need to worry about the ins and outs of sourcing a buy to let mortgage, and can instead trust in their mortgage broker to help get the offer set up in the right format. As part of this feature, you are required to be currently working as part of the Armed Forces Personnel and intend for the property in question to be your main residence in the future. For full terms and conditions, and to see if you’re eligible, please speak to our advisors, who can refer you to our trusted mortgage provider, Mortgages for Business. Their team of specialist and experienced brokers have whole-of-market access, meaning they are best equipped to find you the right mortgage or you.