LSAP (Long Service Advance of Pay) - Redundancy

Discussion in 'Finance, Property, Law' started by extREME, Jul 28, 2012.

Welcome to the Army Rumour Service, ARRSE

The UK's largest and busiest UNofficial military website.

The heart of the site is the forum area, including:

  1. I am one of the non applicant redundancy's and will be out by Jun 13. I haven't got a house yet and will be looking to use the payout to purchase one. I'm not sure exactly where I will settle till I get a job but I know that it will be north west area.

    My admin office aren't the best and not forthcoming with answers!!! Can I get the LSAP? Does anyone know if it possible to secure a mortgage in principle for an amount so I can be offered a job and secure a house easily or maybe that's just fairy tale!!!

    Any advice will be appreciated
  2. I doubt you will get LSAP as you are leaving within the year unless they come to some agreement where you get the money to be then taken out of your final settlement next year. This of course would make sense and would be helpful to you and call me cynical but in that respect I believe that you will not get what you are after.