Key Worker Mortgages

Key Worker Mortgage Guide

The aim of the Key Worker Mortgage programme is to help to recruit and retain key public sector workers in those parts of London, South East England and East Anglia where the high cost of housing would otherwise deter employment.

Types of Key Worker Mortgages
Main types of Key Worker Mortgage available:
Homebuy loan – usually up to £50,000 towards the cost of purchasing a house or flat; in special cases (e.g. for certain senior school teachers in London) a loan of up to £100,000 may be available;
Shared Ownership loan – only available for purchasing a part share (minimum 25 percent) in a new house or flat, usually from a housing association.

Key Worker Entitlement
Public service employees in the following employment categories are permitted to apply for a Key Worker Mortgage:
police officer or police administrative staff worker;
fire fighter;
prison officer;
probation officer;
nurse, paramedic or other NHS medical staff;
teacher in a school or further education college;
social worker, educational psychologist, or occupational therapist employed in local government.

Key Worker Mortgage Zones
A housing association manages the allocation of Key Worker Mortgages in each of the following areas:
London
Bedfordshire and Cambridgeshire
Essex
Hertfordshire
Norfolk and Suffolk
Rest of the South East (Berkshire, Buckinghamshire, Hampshire, Kent, Oxfordshire, Surrey and Sussex).

Exclusions
Not all categories of public sector employee will be entitled to Key Worker Mortgages, in all localities.