If you are a key worker looking for a mortgage then here is what you need to know:
Will I get a better deal as a key worker?
There are only a few mortgage products available which are specifically for key workers. In reality you will not get a better deal, but you will get more flexibility from lenders and relaxed criteria, making it easier for you to get a mortgage. You may be able to borrow more money as a key worker.
What advantage do I have as a key worker?
The main advantage is that lenders will accept more sources of income for key workers. Lenders understand that key workers are in great demand and that overtime is usually available, giving you greater earning potential. Lenders will accept all your regular overtime income as a key worker, most workers can only use half of this. Agency and zero hour workers that are key workers also benefit in a similar way as lenders are confident that you have regular work available and will often approve mortgages on the basis that you are a key worker.
Why is it important to use a broker that understands key workers?
As a key worker you will be under pressure at work, possibly working different shift patterns and trying to juggle work and home life. It is important that you free up as much time as possible to carry out your property searching. Using a good broker, that works flexible hours around your shifts, with 24 hour online resources and facilities is a must for key workers. Saving you time to look for your new home.
How do I find a key worker mortgage?
Simply start here and your dedicated mortgage broker will be in contact to provide full advice and a quote:
Now that you have filled in this form why not find out more about us?
What we do:
- Search from a unlimited range of mortgage lenders for the best options available for you
- Offer completely unbiased mortgage advice
- Home buyer mortgages
- Remortgages
- Buy to let mortgages
- Equity release – expert advice for later life borrowing
- Life insurance
What we don’t do:
- Pay your mortgage – if you do not keep up on your mortgage repayments, your home may be repossessed.
- Charge you a fee – we are a fee free broker, providing expert advice without the fees!
