How much can you borrow as an NHS worker?
Once you have passed the affordability checks, you will have access to all of the same lending products as other applicants. NHS workers don't have access to specific lending products or enjoy reduced rates. However, they might find that lenders look more favourably on their applications thanks to the stable nature of their work.
The more deposit you can save, the better your options will be, so it's worth maximising your savings using a scheme like the Help to Buy ISA.
When you're looking for a mortgage, NHS workers might find it challenging to meet the criteria. This is because many lenders have strict requirements that are hard to fulfill as an NHS worker.
However, there are brokers who specialize in this field and can help with your search. The keyworker scheme has ended, but not without leaving behind great options like government-backed 5% deposits.
This means you could get on the property ladder with just a 5% deposit. However, if you want a competitive rate or flexibility when it comes time to apply for mortgages, consider working with one of these specialists today.