Supporting our Armed Forces – Help to Buy Extension

helptobuy-jpegThe Conservatives launched the Forces’ Help to Buy scheme in April 2014. This was aimed at helping members of the Armed Forces afford a deposit to buy their first home. Already this has ensured that 10,000 personnel have already been successful. For many being able to have a home of their own is a dream come So the Government is now extending the scheme until 2018 so that more can benefit.

HTB2It is worth remembering that fewer than half of the Armed Forces own their own home. Overall home ownership rate in he Armed Forces is around 47 per cent.  Amongst non-officer other ranks such as non-commissioned officers, warrant officer ranks and below only 40 per cent own their own home, falling to only 30 per cent for other ranks in the Army.

Our Armed Forces keep us safe and we are committed to giving our service personnel and the unsung heroes – their families – the support they want in return for all they do for our country. So extending this scheme more troops will get this extra help, they will be able to give armed-forces-covenanttheir families the stability that many of us take for granted.

Conservatives enshrined the Armed Forces Covenant in law and are strengthening it by doubling operational allowances and abolishing council tax relief for Forces on operations; spending over £1 billion providing better accommodation for Service personnel, which includes 2,000 new homes and over 8,000 new single rooms, and improving healthcare provision and mental health support for veterans.

Comments are closed.