Professional

Who is Eligible for a Key Worker Mortgage

The applicant must be working in London , East Anglia or South East England, in order to be eligible for a Key Worker Mortgage. In addition, the applicant must be employed in one of the following types of jobs:

• Teacher in a school or further education college
• Local government-employed educational psychologist, social worker or occupational therapist
• Police officer or police administrative staff worker
• Fire fighter
• Prison officer
• Probation officer
• Nurse, paramedic or other NHS medical staff

If you are eligible, the Key Worker Living Programme means that you can get help with home ownership if you:

• Are a first time buyer
• Are a homeowner and need to buy a larger property to meet your household needs (eg family sized homes)
• Need to take part in shared ownership schemes
• Need to rent at affordable prices

The programme offers three different kinds of help:

Open Market HomeBuy

A loan to help buy a home on the open market. Key workers are expected to raise a mortgage of around 75 per cent of the property's value.

New Build HomeBuy

If you are eligible you can buy at least 25 per cent of the cost of your home and pay a reduced rent on the remaining share.

Intermediate renting

Rent is set at a level between that charged by social and private landlords and the accommodation is provided by a landlord registered with the Housing Corporation (Registered Social Landlord).

Also many lenders will offer exclusive products fall those that fall into the category of Key Worker.