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Forces first-time buyers to receive boost
Thu, 21 Sep 2006
People who have served in the British armed forces are to receive help when trying to find a mortgage, the government has announced.

The Department for Communities and Local Government has stated that more than 10,000 member of the armed forces currently living in service housing could be set to benefit from the move.

Military personnel will now have access to a newly built home, paying 25 per cent of the cost and a reduced rent on the outstanding amount.

Ruth Kelly, secretary for communities and local government, added: "Next month, we will be increasing support to help even more key workers and other first-time buyers into home ownership.

"Ultimately though, if we are to ease pressures on first-time buyers, we need to build more homes across the board."

The proposal is an extension of the key workers scheme, which recently found that 95 per cent of those involved in a University of Birmingham trial were satisfied with how it worked.

Advice is provided by the Ministry of Defence, for armed forces personnel who may be affected by these issues.

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