Isap
saz_d
Forumite 29 Posts
I have heard good and bad things.
Good it give you interest free loan to go towards your house deposit, bad things, my friend applied only having 4 years left to serve and has to pay back more than she bargained for as she was hoping to be signed on/promoted by now.
Has anyone else applied for this and if so was it worth it?
I will be looking to get a house next year so weighing up all my options now. Have savings to (around 6500 now will be more by time I want to buy)
Have also been looking at AFHOS. Anyone had experience of this too?
Many thanks
S
Good it give you interest free loan to go towards your house deposit, bad things, my friend applied only having 4 years left to serve and has to pay back more than she bargained for as she was hoping to be signed on/promoted by now.
Has anyone else applied for this and if so was it worth it?
I will be looking to get a house next year so weighing up all my options now. Have savings to (around 6500 now will be more by time I want to buy)
Have also been looking at AFHOS. Anyone had experience of this too?
Many thanks
S
0
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The scheme is known as "LSAP", which is deducted from your pay based upon the time you have left in the military. I would probably guess that you are RAF by the phrase "signing on".
More information can be found in the link below, or the JSP 752.
http://www.raf.mod.uk/community/financial/longserviceadvanceofpay.cfm