Monday, 23 May 2011

Help for Armed Forces to step on the property ladder

Service accommodation at Woolwich, South East London (stock image)
[Picture: Crown Copyright/MOD 2010] 
Members of the Armed Forces will from now on be given top priority for housing help.

The move follows a Military Covenant Housing Summit chaired by Housing Minister Grant Shapps and means that serving members of the Armed Forces, as well as those recently retired, will be able to benefit from the FirstBuy Scheme, providing £400 million to help 10,000 families across the country get on the property ladder over the next two years.

The Minister has also signalled that the Government will ensure that all low-cost home ownership schemes will now routinely place members of the Armed Forces at the top of their priority lists, and that government housing agents will be instructed to go out and actively recruit military personnel for such schemes.

1 comment:

  1. 80% of a home is not home ownership, it's co-ownership. A mortgage on 80% + rent on 20%, having to hand over 20% of the market value after a more complicated and time consuming sales process. Avoid!


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