Help and advice for key workers. Including My Choice Homebuy and Shared Ownership for Key Workers

Are you one of our country’s key workers? If so, keyworkerfinance.co.uk provides you with all you need to know about keyworker home ownership schemes

The Government have set aside 120 million pounds over the next five years to assist key workers purchase and rent affordable homes. there are a wide range of home ownership schemes available for key workers.:-

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From April 1st 2008 My Choice Homebuy has replaced Open Market HomeBuy – If you are a Key Worker or first time buy with a housing need you may be eligible to recieve a government backed equity loan upto 50% of the purchase price

Higher Home Buy scheme – Similar to the Open Market Home Buy Scheme, however as part of the London Challenge initiative, further assistance is given to teachers in a managerial position.

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Key Worker Finance

Key Worker Finance is an independent Key Worker mortgage introducer that specialises in both key worker advice and mortgaes for teachers....read more

Home Buyers who purchase a home through the My choice Homebuy scheme and shared ownership schemes such as New Build Home Buy will be stamp duty exempt. Alistair Darling has anounced that as long as the percentage share is below 80% no stamp duty is due

In most cases people who buy through the My Choice HomeBuy scheme will own less tha 80%.

Affordable Housing

If you are looking for affordable housing or general Keyworker advice consider the following key worker schemes....read more

My Choice HomeBuy

My Choice Home Buy buy allows you to choose your own home on the open market. Key workers are provided with....read more

 

Shared ownership key worker schemes

KEY WORKERS ARE PRICED OUT OF HOMES
Research revealed by Britain's largest mortgage lender the Halifax shows that key public sector workers are priced out of the property market in two-thirds of Britain’s towns.

Nurses, policemen, teachers, ambulance workers and firemen can no longer afford to buy an average priced house in 65% of towns, compared with just 24% five years ago.

Martin Ellis, chief economist at Halifax, said key workers had been "hit hard" by the strength of the property market since 2001.

"Now it is difficult for key workers to buy the average house not only in the south of England but also in significant parts of the Midlands, northern England, Wales and Scotland," he said......read more

Key workers who need asistance getting onto the property ladder may apply for the shared ownership scheme....read more

  

 
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"My husband and I both have indefinate leave to remain and work in the NHS. I didnt think we could get a mortgage but we found this was not the case at all".....read more testimonials.
 
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Shared Ownership Scheme – Part buy, part rent affordable housing that has been set aside for key worker home ownership.

Intermediate rent scheme – A discounted rent agreement on allocated homes for many keyworker and public sector workers.

Key Worker Finance

If you are a key worker, find out if you are eligible for any of the government affordable homes schemes.

- 05/04/2008 - My Choice HomeBuy is unveiled

- New deal for Key Workers - 02/100/07
 

Not eligible?

Dont worry. Our mortgage associates specialise in mortgages for keyworkers. Whether you have a good or bad credit score; even if you have no deposit - we can help you get on to the property ladder through a range of products and services especially designed for your circumstances

Mortgage and home ownership articles.

A collection of house buying guides written for inexperienced buyers. These articles have been written by experienced mortgage advisors, keyworker advisors, and industry experts. Artcles include, finding a property, negotiating price, using solicitors, understanding mortgages and the new my choice homebuy

 

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

 

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Key Worker Finance is a mortgage introducer and all information found on this site should only be used as a guide and not the definitive answer to your circumstances. This site is not responsible for any of the content on incoming or outgoing pages. If you choose to arrange a mortgage outsidre of the governments schemes you may be charged a fee of 1% of the amount borrowed depending on your circumstances.