Key Worker Scheme
The LTV calculation for products and credit scoring on all equity share key worker applications will be based on the full price or value of the property and not the reduced price being paid by the applicants. This will mean that, in almost all cases, the applicants will not have to find a deposit from their own resources as the LTV will be below our maximum. We will not lend more than the reduced price.
If the key worker scheme is on a shared ownership basis the maximum LTV is 90% of the applicant's initial share. Each scheme will be considered on its own merits.
Please ensure you refer to the current product rates as product LTV restrictions apply per application type. Products may not always be available up to maximum LTV lending limits detailed above.
Questionnaires must be completed in addition to the application form and are available only from the internet.
The questionnaires will help provide all the information needed to process your case more efficiently.
Please send your application and questionnaire to your allocated service centre.
