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Forces Help to Buy scheme extended for a further three years

Forces Help to Buy scheme extended for a further three years

The Forces Help to Buy scheme that helps military personnel get on the housing ladder has been extended until the end of 2022, the Defence Secretary has announced.

The Forces Help to Buy scheme has lent over £280 million to over 18,000 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 for a further three years.

Read the full article here.