Mortgage & Property Advice Centre for First Time Home Buyers

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.communities.gov.uk – the government's main site with information about housing
www.direct.gov.uk – offers a range of government information and services, including for housing
www.housingcorp.gov.uk – for more information about housing associations
www.nhs.uk/accommodation – information about accommodation for NHS staff
www.teachersupport.org.uk – support and advice for teachers



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Is owning your own home still the be-all and end-a

Is it better to own your home rather than to rent?

yes
no

Is buying your first home more about making money than investing in your long term future?

yes
no

Do you worry about buying your first home and its value dropping?

yes
no

Could the government do more to help first time buyers?

yes
no

Do you think you are doing everything you can to get a decent deposit together?

yes
no, I could do more

Is it likely when you come to buy, that your parents will be helping you with the deposit or your mortgage?

yes
no, not at all