Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

Property Buying Guide

Help for Key Workers

As a key worker, you may get help in several ways:

Higher-value equity loans of up to £100,000 for a small group of London school teachers with the potential to become leaders in their field.

New Build Home Buy where you buy at least a 25% share of a home from a housing association on a shared ownership basis and pay a reduced rent on the rest. For more details see our Shared Ownership section.

The Government also offers a 17.5% Government Equity Loan which purchasers will be able to use in conjunction with a mortgage from any lender. Contact your HomeBuy agent.

Intermediate renting at subsidised levels. The accommodation is provided by a registered social landlord and the rent set at a level between what would be charged by a private landlord and a social landlord.

The NHS provides some short-term intermediate rented accommodation for all its key workers. This is managed through the NHS accommodation website.
 
Find out More About Shared Equity:

HomeBuy Direct shared equity UK scheme  What is a key worker and how to apply?  HomeBuy agents

Useful Links:
www.direct.gov.uk – offers a range of government information and services, including for housing
www.nhs.uk/accommodation – information about accommodation for NHS staff
www.teachersupport.org.uk – support and advice for teachers



Free e-Bulletin

News and Offers for First Time Buyers

Register

There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?

Yes
No

Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only
Repayment

House prices are waivering. Do you think this is a good time to buy?

Yes
No

Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option