The Ministry of Defence (MoD) is set to buy back thousands of military homes in a deal it says will save millions in rent and maintenance costs. The MoD will acquire 36,347 houses from property company Annington Homes for nearly £6bn, reversing a privatisation deal struck in 1996.

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Financial Times

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UK government pays £6bn to end privatisation of military housing

Officials say the agreement will save £230 million in annual rental costs.

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Ministry of Defence to buy back military homes in £6bn deal

MINISTERS have vowed to transform military housing as they buy back 36,000 homes sold by John Major’s government.Defence Secretary John Healey, abov

The Sun

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Labour vow to transform military housing by buying back 36,000 homes

Thousands of military homes will be brought back into public ownership at a cost of almost £6 billion.

Shropshire Star

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Shropshire

MoD strikes £6 billion deal to buy back more than 36,000 military homes

Defence Secretary John Healey said it was a ‘decisive break’ with the failed privatisation process.

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The Ministry of Defence will buy back 36,347 homes, ending the £230m annual rental bill paid by the taxpayer, ministers said.

Sky News UK

Roberts family

Government to spend £6bn buying back thousands of military homes

Thousands of sold-off military homes will be brought back into public ownership at a cost of almost £6 billion following a High Court decision that ruled their sale was a “bad deal” for the government.
Ministers and officials said the deal will bring to an end the £230 million annual rental cost of the homes and is intended to improve the “dire” state of military accommodation.
The Ministry of Defence (MoD) will buy back 36,347 homes from proper…

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MoD Strikes £6 Billion Deal to Buy Back Sold-Off Military Homes

The Ministry of Defence (MoD) is buying back more than 36,000 military homes in a £6 billion deal reversing the privatisation of the estate under a 1990s scheme

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MoD to buy back 36,000 military homes in £6bn deal reversing privatisation

Ministry of Defence to save £230mn in rent every year by buying back 36,000 properties sold off in 1996

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MINISTERS have vowed to transform military housing as they buy back 36,000 homes sold by John Major’s government. Defence Secretary John Healey, above, called the 1996 sale “one of the worst-ever government deals”. The 1996 deal saw Defence Secretary Michal Portillo sell 55,000 homes to investment fund Annington for £1.7bn, roughly £27,000 each. It was said to have left taxpayers £8billion worse off and condemned hero troops to living in damp, r…

The Irish Sun

Ireland

A major deal to bring the Armed Forces housing estate back into public ownership has been agreed by the government.

GOV.UK

Government buys back 36,347 military homes to improve housing for forces families and save taxpayers billions

UK government pays £6bn to end privatisation of military housing

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