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Key Worker Schemes - Government Assissted

Government Investment for Key Workers

The Key Worker Living Programme is a £690m government initiative that offers financial help to public sector workers to buy or rent a home close to where they work. This could be a great help to many nurses, teachers or other 'key' workers who may otherwise struggle to afford accomodation in certain parts of the country.

Answer yes or no to the following questions to see whether you are likely to be accepted by your HomeBuy agent......Click here

Please note: This should only be used as a guide. Each application is assessed on its individual merits.

 

My Choice HomeBuy for Key Workers and First Time Buyers

  • Upto 50% of property value provided to you
  • Choose your oen property on the open market
  • Choose your own mortgage lender via an independent broker
  • Involves some interest payment on part of the equity loan
...more details....more details... ....more details
   

Higher HomeBuy for Teachers

  • Higher value equity loans provided for teachers in management positions
  • Forms part of the London challenge initiative
  • Equity loans of £100,000 may be available
...more details....more details... ....more details
 

Intermediate Discounted Rent Schme for Key Workers

  • Reduced rent scheme
  • Often on new buid properties
...more details....more details... ....more details
   

Shared Ownership for Key Workers (New Build Home Buy)

  • Homes sold on leasehold basis
  • Purchase between 25% - 75% of a new home
  • Part mortgage / part rent each month
  • Ability to purchase more of your home over time (staircasing)
...more details....more details... ....more details

 

 

 

 

 

 

 

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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