Forces Help to Buy Scheme extended to end of 2019
Defence Secretary Gavin Williamson has announced today that the government scheme to help military personnel get on the housing ladder has been extended until the end of 2019.
The Forces Help to Buy scheme has lent over £242 million to 16,000 armed forces applicants since its introduction in 2014.
The scheme allows military personnel to borrow a deposit of up to half of their annual salary, interest free, to contribute towards buying a home, building an extension on their current one or moving to another property.
The programme has proved popular amongst service personnel and will now be extended until 31st December 2019.