HIVE would like to hear the views of the Service community about the information service we provide. Please take our short survey here

HIVE SURVEY

******************************************************

If you are a subscriber to HIVE blogs, we want to let you know that UK data protection law changes on 25 May 2018 when the General Data Protection Regulation (GDPR) comes into effect. This new legislation gives you more control over how your data is used.

We are taking this opportunity to update our subscription sign up options to make sure we provide our HIVE blog readers with the information they want, when they want to receive it. This means that if you are already a subscriber, emails you currently receive will stop and all readers will have the opportunity to sign up for new email updates as soon as the new subscription option is in place.

You can withdraw your permission to receive our emails at any time by using the unsubscribe link found at the bottom of every email you receive from us.

Thursday, 26 April 2018

Forces Help to Buy - Scheme Ends This Year

What is the Forces Help to Buy Scheme? (UK)
 
If you’re a regular serviceman or servicewoman in the armed forces, the Forces Help to Buy scheme could let you borrow up to 50% of your salary to a maximum of £25,000, interest free. This loan is for buying your first home or moving to another property on assignment or as your family’s needs change.
All regular service personnel are eligible who:
  • have completed the pre-requisite length of service
  • have more than 6 months left to serve at the time they apply
  • meet the right medical categories.
However, there may be instances where exceptions to the standard rules may be justifiable, especially where you have extenuating medical and personal circumstances.
You can apply for the loan online through the Joint Personnel Administration system and can seek advice on your application through your chain of command and personnel agency.




The pilot scheme, which launched in April 2014 and extended to 2018 aims to address the low rate of home ownership in the armed forces.