Cheap Loans Online
Home About Us Contact Us FAQs Articles Resources Services
Cheap loan online
Cheap secured loan online
Cheap personal loan online
Cheap online payday loan
Home loans online
Cash loans online
Cheap home loans
Online debt consolidation loan
How to get cheap loan online
Apply for cheap loans online
 

News

Apply Here For Loan
 
Country UK   USA
First Name*
Last Name*
Date Of Birth
Tel No*
Mobile No
Email
Address*
Postcode*
Purpose*
Loan Amount*
Status
I have read & accept the DPA Statement
 
 

Cheap loans to help troops march on to the housing ladder

By IAN DRURY

Soldiers are to be offered interest-free Government loans to help them get a foot on the housing ladder.

Service personnel living in military accommodation will for the first time be allowed to apply for shared equity loans so they can afford to buy a new home.

Low-paid troops would top up a regular mortgage with the interest-free Government money so they are not priced out of the property market when they leave barracks.

Currently, a family on an income of £40,000 can typically afford a mortgage of £160,000. If they qualified for the new scheme, this would rise to £210,000.

Under plans costing £10.2billion unveiled yesterday, moves will also be made to stop servicemen and women being pushed down the waiting list for council housing.

They will now be considered to have a "local connection" with the area where they are based, so will not be leapfrogged in the housing queue.

Ministers said the schemes highlight the Government's "commitment" to the forces in the wake of fierce criticism that troops have been badly treated.

Thousands of former service personnel are sleeping rough because councils failed to offer them priority housing.

The loans will be made under the Open Market Home Buy scheme, which is designed to give extra financial help to keyworkers such as nurses and teachers.

They will be offered by the Department for Communities and Local Government and four private sector lenders. This means a chunk of the debt will be free from interest.

Source:
http://www.dailymail.co.uk/pages/live/articles/news/
news.html?in_article_id=505038&in_page_id=1770
 
Cheap Cash Loans UK | Cheap Loans UK | Cheap Business loans | Cheap Auto Loans UK | Cheap Unsecured Loans UK | Cheap Loans
Cheap Secured Loans | Cheap Personal Loans | Cheap payday loans UK | Low Rate Cheap Loans
Fast Cheap Loans | Cheap Tenant Loans | Bad Credit Loans | Bad Debt Loans
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU
DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
  © copyright 2006-2007, All Rights Reserved, www.cheaploanonline.net News | Terms & Conditions | Privacy Policy | Sitemap