Armed Forces Home Ownership Schemes

Ninja_Stoker

War Hero
Moderator
#1
For those interested, who may have missed the announcement (like I did) besides the existing Armed Forces Home Ownership Scheme: Armed Forces Home Ownership Scheme | Swaythling Housing Society
and the Long service Advance of Pay: Long service advance of pay (LSAP) - Forces Law - Serving those who serve

BBC News said:
The government is to offer armed forces personnel buying their first homes interest free loans towards a deposit.
BBC News said:
Defence Secretary Philip Hammond announced that service men and women will be able to borrow an interest free amount of up to 50% of their salary to a limit of £25,000.
The loan is repayable over 10 years and is designed to address the low rate of home ownership among the forces.
The scheme will start on 1 April 2014 and covers a three-year period.

BBC News - Armed forces offered interest-free home loans


 
#3
Used it to buy my first pad in Yeovil (95). I now pass Jags and Landrovers at work that cost more!

£45k for a three bed semi, don't know what that would get you now, maybe 45,000 £1 houses in Liverpool?


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