Ownership scheme moves Armed Forces up property ladder

In addition, applicants can sub-let their properties and will not normally pay any fees on the equity while they remain serving members of the Armed Forces.

The scheme builds on the good work that the Government has already undertaken to ensure that members of the Armed Forces are not disadvantaged by the demands of service life.

Defence Minister, Kevan Jones said: "Getting a first foot on the property ladder is an important step in any young person’s life. By providing the flexibility to live anywhere in England and giving applicants the opportunity to sub let when they are working away from home, we have delivered a scheme that is tailor-made to meet the unique needs of the Armed Forces."

The £20million pilot will initially run until Spring 2013 and will be funded by the MOD and  managed and delivered by the Homes and Communities Agency.

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