Deal on mortgages for Armed Forces

December 28, 2016

Recent announcement published 26th December 2016 from Ministry of Defence and Mark Lancaster TD MP on Gov.uk website headlined ‘Boxing Day deal on mortgages for Armed Forces’.

Personnel redeployed within the UK will now be able to rent out their homes without facing higher costs or having to change their mortgage.

Defence Minister Mark Lancaster said: “Our Armed Forces keep us safe and rightly we should be making sure they’re fully supported. This extension means our brave men and women will save time and money when they are fulfilling vital roles across the country and is another example of how the Covenant is making a real difference”.

British Banking Association CEO Anthony Browne said: “Members of our Armed Forces work all over the world to look after us, so it’s only right that we look after them. The extra support provided by the main mortgage providers will make sure service personnel and their families are not disadvantaged when they are required to work away from home and want to rent out their house, and make their mortgages fairer”.

Read the announcement in full on the Gov.uk website click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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