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NHS Mortgages – could they save you money?

If you work for the NHS, thank you – you are doing an important job. One of the benefits of working for the National Health Service is that you can get special offers and discounts on many products and services, including NHS mortgages.

What is an NHS mortgage?

When you hear the term ‘NHS mortgage’ it isn’t really describing a financial product. It’s a way of referring to lender discounts or special rates for health service employees. These deals apply to everyone – not just clinical staff. You can usually access them by proving you work for the NHS with an ID card or recent payslips.

How does an NHS mortgage work?

Mortgages for NHS employees will vary depending on the provider and what they offer. Some mortgage lenders offer better interest rates or lower deposits than standard. Others might give NHS workers a mortgage with no fees. You will still need to meet certain lending criteria, and some deals will suit your specific situation better than others. Certain products are targeted at consumers based in a particular category – First Time Buyers for example, or people buying a property of a set value.

What types of NHS mortgages are available?

It can be worth looking for an NHS discount on the kind of mortgage you’re interested in: fixed-rate or variable rate, interest-only, and repayment. You may find some deals on Buy to Let mortgages and other specialist loans too. These deals can apply whether you’re a First Time Buyer, are moving home or looking to remortgage. Look at your staff benefits information for lenders based in the UK currently offering NHS mortgage deals.

How much can an NHS employee borrow?

Lenders usually offer a customer around four times their salary, but this can sometimes extend to five times. Using a mortgage calculator will tell you what your monthly payments might cost. Make sure you can comfortably afford the repayments on your mortgage and don’t overstretch yourself.

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Whether you’re buying your first home, expanding your portfolio or looking for insurance to protect your loved ones, our friendly service and expert know-how can help ensure you get the most suitable solutions for you.

Am I eligible for the NHS Key Worker mortgage scheme?

You might have heard of the NHS key worker scheme. This was a government initiative to help NHS staff, the police, and teachers to get on the property ladder, but it is no longer operating. 

Can NHS staff use government home buying schemes? 

Yes, there are various government schemes that could make it easier to buy a home. As NHS staff it’s worth looking at these alongside NHS mortgage offers. The schemes include:

Help to Buy – Equity Loan

Available on new build homes only, this scheme allows you to buy with a 5% deposit as the government loans you a further 20%. The loan is interest-free for the first five years, and you will need to get a mortgage for the remaining value. 

Help to Buy – Shared Ownership 

With Shared Ownership you can buy a 25% to 75% share of a property, paying rent on the rest. You can increase your share over time.

Right to Buy 

If you are a council or Housing Association tenant, you could potentially buy your home with a discount under the Right to Buy scheme. Depending on how long you have rented from the council, you could be eligible for discounts of up to £84,200 – or £122,300 in London. 


NewBuy is another government-backed scheme on new build properties, offering 95% mortgages. You will need to do some research in your local area to find out if there are participating developments nearby.

Could a Mortgage Broker help me find NHS mortgages?

Here at First Thought Financial we specialise in the mortgage market and are here to compare mortgage deals for you. We start by getting to know you and understanding your property plans – that way we can find the most suitable mortgages. This might be an NHS discounted mortgage or a standard product. 

We know the lenders that offer great deals to health service employees and will compare all the options. Our team will even manage your mortgage application for you.

Get in touch today to find out how we can help you achieve your property goals.

The financial conduct authority does not regulate commercial buy to let mortgages.

As a mortgage is secured against your home or property, it may be repossessed if you do not keep up the mortgage repayments. Think carefully before securing any other debts against your home.

Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

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