Introduction
MortgagesIn this module, you’ll learn how home buying works, the factors that shape affordability and how different mortgage options can affect your choices.
Are you living in service accommodation, renting privately or thinking about buying your own home? Figuring out which type of housing is best for you, or which you can afford, can be confusing, especially when you’re balancing service life, postings, or family commitments.
If mortgages are completely new to you, you’re probably wondering – how much money will you need? Are there any costs that you aren’t aware of? How does the bank decide if you are able to afford a mortgage? How can you get the best deal?
There are nine short videos in this module on mortgages. The goal is to help you better understand the mortgage market, what options may be available to you within the Armed Forces community, and feel more confident when choosing products and exploring support.
We’ll give you an overview of the mortgage market, and how to prepare for, and manage, a mortgage responsibly over time.
All Armed Forces Modules
Budgeting
Module 1
In this module, you’ll learn how to build a budget that helps you stay in control of rising costs, plan ahead and manage your money with confidence.
Earnings
Module 2
In this module, you’ll learn how to understand your pay, spot any issues early and explore the different ways you can increase your income.
Pensions
Module 3
In this module, you’ll understand how pensions work, including the Armed Forces Pension Scheme, so you can plan confidently for later life.
Managing debt
Module 4
In this module, you’ll learn how borrowing works, what to consider before taking on debt and how to manage repayments.
Credit options
Module 5
In this module, you’ll learn how credit works, what affects your credit score and how to make borrowing choices that support your financial goals.
Mortgages
Module 6
In this module, you’ll learn how home buying works, the factors that shape affordability and how different mortgage options can affect your choices.
Investing
Module 7
In this module, you’ll learn how investing helps your money grow over time, how it differs from saving and how to make informed investment decisions.
