Mortgages for NHS Workers
Our Mortgage Service - helping you make the right decision
"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support.
As your mortgage is such an important transaction, good advice is imperative.
"We know that the internet is the first port of call for many people when looking for mortgage solutions; our view is, yes use the internet to do your own research , but then bring it to us and we’ll let you know how your findings compare and then give you the information and advice you need - so that you can make the right decision for your future.” Adam Arnott, Head of Mortgages & Protection
Compare Mortgages for NHS Workers
If you work in the NHS it can sometimes be difficult to buy a home that is within a commutable distance of your place of work, particularly if you live in an area with high house prices such as London or South East England. However, there are some measures you can take to help you get the mortgage you want.
Key worker schemes for NHS workers
Some NHS workers may be counted as key workers for the purposes of housing schemes, particularly if they earn an income below a certain threshold. These schemes are no always operation outside London and the South East, but even if you are not eligible for a specific NHS key worker home buying scheme, there could be other home purchase options that may be of use to you when it comes to getting mortgages for NHS workers.
Help to buy
If you are an NHS worker with a deposit of 5% but less than 10%, you may be eligible for the Government’s Help to Buy scheme. The Government offers a guarantee of 15% of the loan to the lender and the scheme is open to both first-time buyers and home movers, on residential properties up to £600,000. The Help To Buy scheme can be used to purchase a new build or an existing house.
If you want to buy a new property, the Government’s NewBuy scheme, launched in March 2012, could help you to purchase a brand new home, providing you have a deposit of at least 5%. This could be an option to consider if you are an NHS worker who is looking to get a mortgage. NewBuy is only available in England and includes new home up to a value of £500,000. Many building companies are registered with the NewBuy scheme but do check before you apply to avoid disappointment.