Advancing UK Aerospace, Defence, Security & Space Solutions Worldwide
  • Home
  • /
  • Defence
  • /
  • UK Government supports 30,000 forces families to buy own home

Defence

UK Government supports 30,000 forces families to buy own home

In the 10 years since the Forces Help To Buy scheme launched, over 30,000 families have so far benefitted from government support, with more than £450 million in interest free loans issued to service personnel to help them get onto the property ladder.

Image copyright Shutterstock / by Willy Barton

Nearly 30,000 service men and women have been helped to buy their own home thanks to a life-changing government support scheme celebrating its 10th anniversary.

The Ministry of Defence’s Forces Help to Buy scheme has provided more than £450 million in financial support and helped 29,400 service personnel onto the housing ladder since launching in April 2014.

Advertisement
Marshall RT 2

More than 5,000 service men and women are expected to take advantage of the scheme this year, which would be the highest annual figure since the launch.  

The scheme offers interest-free loans of up to 50% of an individual’s annual salary, with a maximum limit of £25,000.  

Defence Secretary Grant Shapps, said: "Getting onto the housing ladder is an aspiration for so many people across the country and through Forces Help to Buy, we’ve been able to make that dream a reality for thousands of service families.

"These incredible men and women sacrifice so much in service of their country and I’m proud we’ve helped over 30,000 of them take the life-changing step onto the housing ladder over the past decade.

"I look forward to supporting many more in the years to come."

Advertisement
ODU RT 2

By helping service personnel secure a permanent residence for them and their families, the scheme also supports spouses to develop their own careers and ensure their children have a stable start in life.  

The Forces Help to Buy Scheme is open to regular personnel and the loans can be used towards the deposit, legal fees, and other costs associated with buying a property.   

Staff Sergeant Sean Hanlon said: "After renting locally we wanted to put down roots to allow my partner Nicola to concentrate on her own career. Forces Help to Buy provided the financial aid and support we needed to ensure we had the home we desired.  

"The best part about having our house is it’s ours. Having somewhere for Nicola and our dog Reggie knowing they are settled and happy is important for a good work life balance."

The scheme started as a pilot and was made permanent at the beginning of 2023 as a commitment in the Defence Accommodation Strategy.

Advertisement
General Atomics LB General Atomics LB
BAE Systems launching Tridon Mk2 at Eurosatory 2024

Defence

BAE Systems launching Tridon Mk2 at Eurosatory 2024

14 June 2024

BAE Systems is launching its next-generation 40mm anti-aircraft system, Tridon Mk2, at Eurosatory 2024 next week (17th–21st June), showcasing its unique capability to protect against evolving aerial threats.

Rheinmetall Electronics UK partners with Lightspace Technologies

Defence

Rheinmetall Electronics UK partners with Lightspace Technologies

13 June 2024

Rheinmetall Electronics UK has signed a partnership agreement with Lightspace Technologies, Latvia to advance and produce Augmented Reality Systems using Multi-focal technology for use in XR and AR applications for the military market.

Adarga acquires J2X Solutions

Defence Security

Adarga acquires J2X Solutions

13 June 2024

London headquartered AI software specialist Adarga, today announced the acquisition of US strategic risk intelligence firm, J2X Solutions.

G3 Systems refurbs British Army’s TCDA

Defence Security

G3 Systems refurbs British Army’s TCDA

13 June 2024

G3 Systems has announced a rolling refurbishment programme, contracted by the UK MoD’s Defence Equipment and Support (DE&S) agency, to extend the working life of their operationally proven and highly acclaimed Tactical Containerised Dog Accommodation (TCDA) for use by 1st Military Working Dogs (MWD) Regiment, based at St Georges Barracks, North ...

Advertisement
Marshall RT
Spectra Group to introduce GENSS at Eurosatory 2024

Defence Events

Spectra Group to introduce GENSS at Eurosatory 2024

13 June 2024

Following the initial concept launch in January 2024, Spectra Group, a specialist provider of secure voice, data and satellite communications systems, is introducing their next generation tactical radio GENSS to European markets at Eurosatory, following the successful completion of pre-production trials.

BAE Systems to present CV90MkIV and Beowolf at Eurosatory

Defence Events

BAE Systems to present CV90MkIV and Beowolf at Eurosatory

13 June 2024

BAE Systems is introducing its CV90MkIV variant with a new turret and showcasing its hyper-mobile all-terrain vehicle Beowulf, at Eurosatory next week (17th-21st June).

Advertisement
SPX Comms