Frequently Asked Questions

What is the legal mechanism that ensures that the Government receive their share when the Second Charge is repaid?

The HCA's contribution under this scheme is secured by way of a Second Charge on the property. This means that the property cannot be sold in future unless the HCA's Second Charge is repaid.

Buyers must agree to this legal charge being secured on their home before the purchase can be completed. The Armed Forces Home Ownership Scheme documents include other obligations such as the requirement for owners to insure their property. Your solicitor/conveyancer will advise you on the legal implications of these before they are signed.

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