Ministry of Defence
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Forces Help to Buy scheme
A new housing scheme that will help service personnel get on the property ladder has been launched.
The new Forces Help to Buy (FHTB) scheme, offering regular service personnel loans of up to 50% of salary towards the purchase of a home, was launched yesterday, 1 April.
Initially covering a 3-year period, the scheme is the first part of the new employment model (NEM).
The NEM is a long-term programme which aims to modernise the terms and conditions of service ‘offer’ for service personnel so it better reflects the needs and aspirations of service personnel, and their families, in the 21st century.
The launch
of FHTB marks a significant step forward in helping service personnel
to get onto the property ladder by offering greater financial support towards
the cost of buying a home.
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