If you are in the Armed Forces, or have just recently left, you may be entitled to help when buying a home.
Some property developers and housing organisations offer discounts, deposit contributions and money-saving schemes as a way to say thank you to Armed Forces personnel for all they do – and can help you get on the property ladder.
Meanwhile, Oakwood Property Solicitors also offers discounts on conveyancing and legal fees for Armed Forces personnel as a way to give back for all that you do for our country.
In this article we look at some of the current schemes running to help Armed Forces personnel when they are buying a property.
Barratt Homes and David Wilson Homes
Barratt Homes offers Armed Forces money towards their deposit when they are purchasing a home.
According to the Barratt Homes website, to assist with their home purchase military servicemen and women will be offered a 5% deposit contribution, up to £15,000.
For example, for a home costing £200,000 they would qualify for a contribution of £10,000.
David Wilson Homes also offers service personnel a 5% deposit contribution, up to £15,000 to show their gratitude towards Britain’s military servicemen and women and to help them get on the property ladder.
All UK Armed Forces personnel employed by the Army, Navy or RAF, for the Barratt Homes and David Wilson Homes Armed Forces Discount Scheme. Anyone set to retire from the forces this year will remain eligible for up to 12 months from the date they retire.
Persimmon Homes and Bloor Homes
If you’re a member of the armed forces you could get a £500 discount for every £25,000 you spend on a new Persimmon home.
The discount gives armed forces members a discount of £500, for every £25,000 they spend, up to a maximum discount of £25,000.
For example, if the home you wanted to purchase was £250,000, you could get a discount of £5,000, since £250,000 divided by £25,000 is 10. This would mean your £250,000 would be discounted to £245,000.
Who is eligible for the discount?
All UK Armed Forces personnel who are currently employed by the Army, Navy or RAF, or defined as a key worker (employees who provide a vital service, especially in the police, health or education sectors) are eligible for the discount.
Those set to retire from the forces this year will remain eligible for up to 12 months from the date they retire.
Which properties can the offer be used on?
This offer is available on residential properties to eligible purchasers buying the property with cash or with a mortgage. It can’t be used in conjunction with other offers and isn’t available on Buy to Let properties.
Bloor Homes is helping members of the Armed Forces get onto the property ladder with a £500 contribution for every £25,000 spent on their new home.
As a valued member of the Armed Forces you can take advantage of the following contribution package when purchasing a new Bloor Home on one of the participating developments.
What contribution can I receive towards a new home?
A £500 contribution will be offered for every £25,000 of the property value, up to a maximum £6,000 contribution, meaning your new Bloor home can be even more budget friendly.
You can use this contribution as a discount off your new home, a deposit contribution or an options voucher, subject to the approval of your mortgage lender.
How can Oakwood Property Solicitors help?
Relocating is a significant life event for everyone, but for military personnel, frequent moves are a regular part of life. We can offer legal expertise, and invaluable support in helping military families navigate the complexities of moving. Whether you are looking for your forever home, or are relocating due to your job, we can help.
We can assist servicemen and women, whether you are buying, selling or renting out a property. We strive to ensure all property transactions are as smooth and stress-free as possible.
We also offer 10% off conveyancing fees for Armed Forces, to ensure those who protect our country have access to affordable legal advice.
Below we list some of the services we offer to Armed Forces Personnel.
Why should I use Oakwood Property Solicitors?
Our dedicated team knows that that clear communication and good relationships are critical to ensure a smooth transaction, whether you are buying, selling or renting out a property.
We guarantee a communication-driven approach and provide transparency throughout every phase, so you know how your transaction is progressing.
We are committed to supporting Armed Forces personnel, veterans and reservists, whether they are still serving or have entered civilian life. Proudly partnered with veterans’ organisation, FrontFoot, we aim to support veterans in all manners of life. To thank the Armed Forces for all they do for our country, we offer 10% off conveyancing fees for personnel.
Having signed the Armed Forces Covenant, the Oakwood Solicitors group is passionate about supporting and seeking justice for those who have served our country.
Contact us today to find out how we can assist you.
Further reading
Purchases – Oakwood Property Solicitors
Selling – Oakwood Property Solicitors
WHAT TO DO NEXT
To make a start on the next step in your property journey, get in touch today to book a consultation with a member of our team. Call us on 0113 218 5727 to find out how we can help you
