Council First to Launch Housing Scheme For Veterans

A council is claiming to have become the first in the country to officially launch a scheme to help veterans of the armed forces get a foot on the housing ladder. Birmingham Council is offering former servicemen and women assistance with shared equity loans which in turn will enable them to buy a home through the Birmingham Municipal Housing Trust – the council’s house building initiative. The council said it was able to introduce the scheme thanks to flexibility of the New Homes Bonus and that it could provide up to 10 per cent of the sale price of the house so that buyers would only pay a minimum of 5 per cent deposit. Read more on the Birmingham City Council website.