Armed Forces

heylo signs Covenant pledging to support UK Armed Forces

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On 25th April 2018, heylo signed the Armed Forces Covenant, pledging its commitment to fair treatment and support to the Armed Forces community, including regulars, reserves, veterans and their families. The signing took place in a ceremony held at Wellington Barracks, Westminster.

heylo works in partnership with national, regional and local housebuilders, estate agents, local authorities and wider stakeholders to deliver part-buy-part-rent solutions across England and Wales. These partnerships paired with the signing of the Covenant, now bring home ownership within reach for many in the Armed Forces Community,

heylo’s CEO, Nicholas McAlpine-Lee commented, “I am both honoured and delighted to sign the Armed Forces Covenant on behalf of heylo, as we believe that everyone in the United Kingdom should have the opportunity to access a stable home and the benefits of home ownership.”

“We are proud to become covenant holders, ensuring all those in the Armed Forces community have equal access.”

Nicholas McAlpine-Lee continued to say, “If you take the ‘super garrisons’ as an example, where the price of a family house, ranges from £120,000 to £320,000, heylo’s unique proposition for military personnel and their families means that households with an income as low as £20,000 (per year) could access home ownership.”

This increased access means the majority of serving personnel are able to use Forces Help to Buy as their deposit in conjunction with heylo’s part-buy-part-rent solutions, to get on and move up the housing ladder.

Major General Ben Bathurst, General Officer Commanding London District, co-signed the Armed Forces Covenant with heylo housing.  He said, “The support of organisations such as heylo housing is hugely important to all of us in the military.  I believe strongly in taking steps to make it easier for Service Personnel to own their own homes, coupled with the Forces Help to Buy scheme, as the domestic stability it provides helps to recruit and to retain the talent that we need in the Royal Navy, Army and Royal Air Force.  In signing up to the Armed Forces Covenant, heylo housing help to encourage Service Personnel to feel confident about starting out on the housing ladder and providing a stable base for their families within the community.”

Minister for Defence, People and Veterans, Tobias Ellwood said:

“We’re committed to offering our Armed Forces more flexibility with their accommodation, including making it easier for them to own their own homes. Our flagship Forces Help to Buy scheme has already helped over 14,000 people get onto the housing ladder, and I’m delighted that heylo will be supporting this with their own unique offer for service personnel.”