Property Buying Guide

Help for Key Workers

As a key worker, you may get help in one of five ways:

Open Market HomeBuy to buy a home on the open market using a mortgage to pay for 75% of the cost and equity loans from your mortgage lender and the government for the rest. An equity loan is only repaid when you sell the property or stop being a key worker, so you do not make monthly repayments. Ask your HomeBuy agent for further information.

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:

Open Market HomeBuy 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