Sick of forces accommodation? Itching to get on the property ladder? Eligible personnel who used to receive an interest free loan of up to £8,500 which can be put towards the security of buying a house under LSAP Scheme can now apply for up to £25,000 towards House Purchase.
LSAP has been frozen from 1 April 2014 while the Forces Help to Buy [FHTB] Scheme is in force. If you have LSAP you will continue to make your normal monthly payments but you can apply to extend your loan to the RHTB limit if you are moving home and are eligible under the new rules. In these circumstances your LSAP loan amount will be consolidated into one arrangement under the FHTB Scheme
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