A NEW scheme to help Southampton’s armed forces get on the property ladder has been revealed.

On Armed Forces Day, June 27, home provider Barratt and David Wilson Homes launched Armed Forces Deposit Contribution Scheme.

The scheme will be available to those serving in the Army, Navy and RAF, as well as those who have left the forces in the past 12 months, and will offer a five per cent deposit contribution towards any new Barratt or David Wilson Home.

Tammy Bishop, Head of Sales at Barratt Southampton said: “Armed Forces Day is a great time for Barratt Homes to celebrate our country’s armed forces.

"With more than a dozen vital military bases across Hampshire including Marchwood Military Port in Southampton, this UK-wide initiative will benefit hundreds of first-time-buyers in the region.

“Barratt and David Wilson Homes is a proud supporter of the Armed Forces and has a number of vital schemes on offer, including Forces Help to Buy – in which qualifying military personnel can borrow up to 50 per cent of their annual salary - interest free - to help with the costs of buying a home.

“We have also attracted over 70 veterans into the business through our Armed Forces Transition Programme, accounting for 90 per cent of all trainees recruited in the last 18 months, and have established a long-standing partnership with Royal British Legion Industries (RBLI). We cannot wait to help even further with our latest scheme.”

Barratt Homes is currently bringing new homes to the area through its Monarch’s Keep development in Bursledon as well as King’s Chase in Romsey.