Married Quarters for the axe
You cost too much
Your SFQ costs too much
Your SLA costs too much
Your allowances cost too much
They dont want you
They want you to leave to save money
Wake up, smell the coffee, leave before the rush!
Your SFQ costs too much
Your SLA costs too much
Your allowances cost too much
They dont want you
They want you to leave to save money
Wake up, smell the coffee, leave before the rush!
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I am looking forward to the day when the Station Commander at Brize Norton who will be a 1* at that stage is told he isn't entitled to a quarter because he has been in the RAF for too long. Can I be there, please please please?
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There is an epetition running, see
Say NO! to plans to cut service Family accomadation entitlement to 8yrs/10 years serivce, - e-petitions
Say NO! to plans to cut service Family accomadation entitlement to 8yrs/10 years serivce, - e-petitions
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Guy Hands set for £3.5bn Army housing deal 9:18PM GMT 16 Nov 2012
Guy Hands is poised to agree a £3.5bn deal with Japanese bank Nomura to take control of Annington Homes, which manages almost 60,000 Army houses in the UK.
Mr Hands, who runs private equity firm Terra Firma, originally bought Annington in 1996 when he worked for Nomura.
Annington manages 57,434 army homes – known as the married quarters estate – which makes the company one of the largest private owners of residential property in the UK.
Since 1996, when the Ministry of Defence sold the “lease and leaseback” assets for just £1.66bn, Nomura is thought to have made almost £2bn in profit.
Terra Firma has been managing the company for Nomura, but it is understood that Mr Hands has wanted to take full control for the past six months.
Terra Firma investors have agreed to pay £500m for the asset together with £500m of new debt to be raised through a high yield bond organised by Barclays. That £1bn will go to Nomura, while £2.5bn of existing debt in Annington will be transferred across.
Since the Annington deal was first done, the company has made almost £2.3bn in rental income and more than £3bn in sales from the houses, which have been auctioned off.
The original deal gave the MoD a 58pc rental discount, but has been criticised because it was fixed to house prices that have risen exponentially since 1996.
Mr Hands, who runs private equity firm Terra Firma, originally bought Annington in 1996 when he worked for Nomura.
Annington manages 57,434 army homes – known as the married quarters estate – which makes the company one of the largest private owners of residential property in the UK.
Since 1996, when the Ministry of Defence sold the “lease and leaseback” assets for just £1.66bn, Nomura is thought to have made almost £2bn in profit.
Terra Firma has been managing the company for Nomura, but it is understood that Mr Hands has wanted to take full control for the past six months.
Terra Firma investors have agreed to pay £500m for the asset together with £500m of new debt to be raised through a high yield bond organised by Barclays. That £1bn will go to Nomura, while £2.5bn of existing debt in Annington will be transferred across.
Since the Annington deal was first done, the company has made almost £2.3bn in rental income and more than £3bn in sales from the houses, which have been auctioned off.
The original deal gave the MoD a 58pc rental discount, but has been criticised because it was fixed to house prices that have risen exponentially since 1996.
Last edited by LFFC; 17th Nov 2012 at 17:09.
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Married Quarters for the axe
Awesome! I think id rather PVR at 8 years and find a better job than be forced to pay an extortionate price to live in some s***hole just because its within a reasonable distance to camp.
If subsidised* housing is removed will we all be getting an increase in basic wage to cover the reduction in benefits?
* I've lived in some utter dumps that aren't worth £1 a month never mind the grade 4 charge. It's never been really clear if I'm subsiding the MoD or the other way around.
* I've lived in some utter dumps that aren't worth £1 a month never mind the grade 4 charge. It's never been really clear if I'm subsiding the MoD or the other way around.
Last edited by Stuff; 17th Nov 2012 at 19:51.
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Shocking indeed.
Not much to say apart from having been on det and had word from family that sig other was very ill it distracted ones mind to say the least, service advice was ****.
And this was a double generation service family, on both sides, who were frightened by the sudden lack of interest from those they thought were on there side as part of the big family.
Nothing like the worry about of those at home to totally screw an individuals performance on Ops when all the other stresses are pitched in.
Carp.
Not much to say apart from having been on det and had word from family that sig other was very ill it distracted ones mind to say the least, service advice was ****.
And this was a double generation service family, on both sides, who were frightened by the sudden lack of interest from those they thought were on there side as part of the big family.
Nothing like the worry about of those at home to totally screw an individuals performance on Ops when all the other stresses are pitched in.
Carp.
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Isn't this part of the new employment model? The deal being, you get stability (read longer tours with guaranteed no move) in return for no sfa no cea etc. personally, if I could guarantee 12 years in the same location I would be happy to move out of mq's
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Vin,
The problem being is that past experience shows that the benefits (SFA) will be removed long before the changes (stability, tour length etc) materialise, if they ever make an appearance. You could say this is a cynical view point but is often borne out by the reality in all MOD change programs.
Twon
The problem being is that past experience shows that the benefits (SFA) will be removed long before the changes (stability, tour length etc) materialise, if they ever make an appearance. You could say this is a cynical view point but is often borne out by the reality in all MOD change programs.
Twon
I love this site. It's heartening to know that people think this crack pot idea will work. It's even more heartening to be told this will work by civilians who would rather curl up and die than move more than two yards away from the semi they've lived in all there lives.
I bought two houses during my 27 years of service. On both occasions I contacted the posting guru and was assured that I was going nowhere for a long while. On both occasions I was promoted within six months and shipped miles away. Before you ask mr cs, I would have been moved even if I had turned the promotions down.
This idea is barking.
I bought two houses during my 27 years of service. On both occasions I contacted the posting guru and was assured that I was going nowhere for a long while. On both occasions I was promoted within six months and shipped miles away. Before you ask mr cs, I would have been moved even if I had turned the promotions down.
This idea is barking.
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Daily Telegraph today
Daily Telegraph 22 Nov 2012 - Page 5
"Troops may use pensions to buy homes"
An article, obviously based on a MOD press release, which sort of suggests that this may be a benefit to service persons.
"The Defence Secretary suggested that changes could be made in military pay rules to help more service personnel buy properties"
Doesn't say why they would need to!
"Part of the new model for military careers would involve more personnel buying their own homes, instead of living in MOD accommodation"
Doesn't say that MOD accommodation would be withdrawn!
Transparent spin by the MOD Office of (Dis)Information and sadly swallowed, hook, line and sinker, by a gullible newspaper reporter.
Rgds SOS
"Troops may use pensions to buy homes"
An article, obviously based on a MOD press release, which sort of suggests that this may be a benefit to service persons.
"The Defence Secretary suggested that changes could be made in military pay rules to help more service personnel buy properties"
Doesn't say why they would need to!
"Part of the new model for military careers would involve more personnel buying their own homes, instead of living in MOD accommodation"
Doesn't say that MOD accommodation would be withdrawn!
Transparent spin by the MOD Office of (Dis)Information and sadly swallowed, hook, line and sinker, by a gullible newspaper reporter.
Rgds SOS
Last edited by SOSL; 22nd Nov 2012 at 14:23. Reason: ,
I don't own this space under my name. I should have leased it while I still could
SOSL, true.
Now it may work for an army battalion based at some ex-RAF base or historic barrack - shades of regional recruiting again.
The same applies to RAF aircrew on a single role type such as AT.
Many groundcrew have been static for many years - policy was no posting unless to fill a vacancy.
But while not moving units I would love to see how the posters can fill billets without moving people.
Now it may work for an army battalion based at some ex-RAF base or historic barrack - shades of regional recruiting again.
The same applies to RAF aircrew on a single role type such as AT.
Many groundcrew have been static for many years - policy was no posting unless to fill a vacancy.
But while not moving units I would love to see how the posters can fill billets without moving people.
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I think the gist is (if I read it right) that they won't force anyone out of MQs but they will encourage you with stick (increased prices) and carrot (large loan for sod all) and much increased tour lengths for most. I know I'd much rather live in my own house but certainly can't afford the move costs every 2.5 years.
Very disappointed by the total lack of detail in the NEM announcements today.
Very disappointed by the total lack of detail in the NEM announcements today.
I don't own this space under my name. I should have leased it while I still could
It would work for units but not for people in the units. Two of the sqns I was on moved stations and there would have been no way that any new policy could have avoided that. Honestly I can't see how they can avoid that in future either.
It is all very well coming up with the future basing strategy but ultimately that will never be set in bricks and mortar.
It is all very well coming up with the future basing strategy but ultimately that will never be set in bricks and mortar.
Cynical ploy for Dave's Tory mates to make loads more moolah from everyone else. Who can afford to rent in London an a junior ranks pay? Cynical ploy to make people leave before a full service pension will be paid.
It stinks to high heaven. Covenant...yeah, right!!
Doc C
It stinks to high heaven. Covenant...yeah, right!!
Doc C
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CAS/CinC's/AOC's outer office would have a pretty different make-up if this was introduced, as you'd be hard pushed to find any SAC admin, chef, steward or driver that could afford to live in London or High Wycombe.
In fact, you'd probably have to shut almost every base in southern england or make it a £35,000+ pa posting only - £18,000 pa will not get you a flat, let alone a family home.
Barking idea.
In fact, you'd probably have to shut almost every base in southern england or make it a £35,000+ pa posting only - £18,000 pa will not get you a flat, let alone a family home.
Barking idea.
You need about a £250k+ deposit to buy anywhere near High Wycombe
New homes in Aylesbury - New Berry Vale - New Homes by Taylor Wimpey
As a 1st time buyer you would only need a £5k deposit for some of the smaller properties...
Taylor Wimpey South Midlands - Firstbuy
LJ
Last edited by Lima Juliet; 23rd Nov 2012 at 18:19.