Armed Forces: Home Ownership

Part of Oral Answers to Questions — Defence – in the House of Commons at 2:30 pm on 23rd February 2015.

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Photo of Michael Fallon Michael Fallon The Secretary of State for Defence 2:30 pm, 23rd February 2015

I am delighted that the forces Help to Buy scheme, launched just 10 months ago, has already helped 2,600 military personnel on to the property ladder, and a further 1,400 approved applications are awaiting the completion of the property purchase. Those 4,000 fully approved applications are broadly equivalent to the entire military presence at Colchester, and the vast majority of them—more than 80%—are for those from non-officer ranks.