Ministry of Defence Community Support
Allowances - Accommodation & Housing
Long Service Advance of Pay (LSAP) For Assisted House Purchase
Purpose of Allowance: An advance of pay intended to assist personnel to enter the housing market.NB Difference in age limits reflects different single service housing policies.
Basic Eligibility: Available to all regular personnel aged 35 or over in the Army and RAF, and aged 23 or over in the Naval Service, who are serving on pensionable engagements or commissions. The advance can be up to a maximum of £8,500 repayable over 10 years, the commencement of which can be deferred by 2 years if the individual has sufficient service remaining. Currently under review.
Up to £8,500
Loans over £5,000 taxable
Further Reading: Please contact your Unit General Office for further details.
References:
Air Publication 3392 Volume 3 Leaflet 126