LSAP is intended to assist Service Personnel over the age of 23 and serving on pensionable engagements/commissions who have not drawn any terminal benefits, given notice or applied to leave the Service prematurely, to enter the housing market. The amount of advance to applicants who have not owned a house in the last 12 months is limited to the lowest of Â£8500; 182 days gross pay or the difference between mortgage obtained and purchase price plus certain expenses. Interest free repayment is over a period of 10 years commencing 2 years after the date of the advance. However, if an individual has less than 10 years to serve, repayment starts immediately with the balance recovered from Terminal Benefits. Personnel are advised to visit their Unit Personnel Office or Ship's Office to obtain the full rules and regulations regarding LSAP.