The humble beginnings of the Naval Home Loan Scheme designed to get Royal Naval personnel onto the housing market ladder.

The year ? 

11th March 1965.

ROYAL NAVAL HOME LOAN SCHEME.pdf

Post Script

By late 1968

The maximum amount payable was now to be [a] £700 and [b] it was now possible to buy a new house without having to repay the balance or the original loan still outstanding.