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Frequently Asked Questions
- Why is the scheme limited to Service personnel with between 4 and 6 years Service?
- What is the Armed Forces Home Ownership Scheme (pilot)?
- How does it work?
- What is the role of Swaythling Housing Society?
- What types of homes are available?
- How do I buy a Home through the Armed Forces Home Ownership Scheme?
- How long does the process take?
- As a home owner do I need to make a will?
- What Insurance cover do I need to secure a mortgage?
- What is the minimum contribution a buyer must make towards the purchase of a home?
- What is the maximum contribution a buyer can make toward the purchase of a home?
- What is the legal mechanism that ensures that the Government receive their share when the Second Charge is repaid?
- What happens if property values fall? Will an owner have to repay the full amount of Government assistance or just a percentage of the total sale proceeds?
- Are there any restrictions on the mortgage provider?
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