Police Mortgages

If you’re a police officer looking to get a mortgage, the good news is most mortgage lenders are likely to see you as a safe bet. That could mean better mortgage rates, qualifying for specific government-backed schemes and higher borrowing limits. 

This guide will explain all you need to know about the unique opportunities and support available from lenders and how Haysto can help make your mortgage journey as smooth as possible. 

Are mortgages available just for police officers?

No, there aren’t any mortgages available exclusively for police officers. However, a career in the police force is regarded as more stable and secure than most other professions. This means a higher number of mortgage lenders will look more favourably on your application. 

Several specialist lenders will also consider offering tailored mortgage deals for applicants in certain professions, including the police. These deals could allow for greater flexibility with lending criteria or higher borrowing limits. 

Do police officers get better mortgage rates?

Not automatically, but because most mortgage lenders will view police officers as low-risk borrowers, based on the job security and career progression this profession provides, you’ll stand a far greater chance of getting the most competitive interest rates and terms available.  

What works in your favour:

• Job security – Mortgage lenders love stability, and the police force offers that.

• Reliable income – Even in tough times, your pay is steady.

• Strong career progression – Promotions and pay raises improve your long-term affordability.

However, your credit score, deposit size, and financial history still play a significant role in determining the rate you’re offered. To maximise your chances of securing a lower rate, ensure your credit history is in good shape and save for a larger deposit if possible.  

Working with a mortgage broker specialising in police mortgages can help ensure you’re matched with the right lender offering the best possible terms.

Can police officers borrow more for a mortgage?

Possibly! Because police officers have stable incomes, some lenders might offer higher income multiples – sometimes up to six times your salary. Most borrowers can only get 4 to 4.5 times their annual income, which could make a big difference when considering the purchase price of the property you want to buy.

Why police officers might be able to borrow more:

• Stable income = less risk for lenders.

• Overtime, shift allowances, and benefits may be counted as income.

• Potential for career progression and higher earnings in the future. 

If you're applying for a joint mortgage with a partner, lenders will look at both incomes, which can increase your borrowing power even more.

How much can police officers borrow for a mortgage?

This depends on your salary, financial commitments, credit score and overall affordability. However, because a career in the police force is regarded as more stable than other professions, lenders may allow you to borrow up to five times or even six times your annual salary. 

The table below illustrates how this could work out. 

*Source: www.polfed.org 

What Government Mortgage Schemes Are Available?

Police officers are eligible for several government-backed schemes that can make buying a home more affordable. These include:

• First Homes Scheme. The First Homes Scheme offers significant discounts—between 30% and 50%—on the market value of new-build homes for first-time buyers. Key workers, such as police officers, are often prioritised, particularly in areas where your role is essential.

• Shared Ownership Mortgages. This scheme lets you buy a share of a property (usually between 25% and 75%) and pay rent on the rest. It’s a great option for an incumbent police constable who possibly can’t afford to buy outright. Over time, as your salary increases, you can “staircase” by purchasing additional shares until you own 100%.

• Mortgage Guarantee Scheme. With this scheme, you can get a 95% loan-to-value (LTV) mortgage, meaning you only need a 5% deposit. It’s ideal if you’re struggling to save while balancing the cost of living.

• Right to Buy and Right to Acquire. If you live in council or housing association housing, these schemes offer generous discounts to help you buy your home.

Tips for police officers applying for a mortgage

Getting a mortgage doesn’t have to be stressful—being prepared is half the battle. Here are some practical steps to boost your chances of success:

• Check Your Credit Score. Download your credit report to see where you stand. Fix any errors and take steps to improve your score, such as registering on the electoral roll or clearing old debts.

• Save for a Deposit. Aim for at least 5–10%, though saving more will open up better rates. Remember, incentives for police officers offered by certain mortgage lenders and government schemes can help lower what you need upfront.

• Get Your Documents Ready. Lenders will want proof of income, bank statements, and may also ask for a copy of your police employment contract. Have these ready to speed up your application.

• Budget for Extra Costs. Factor in solicitor fees, stamp duty (if applicable), and moving costs. Planning ahead will help you avoid surprises.

• Speak to a Specialist Broker. A broker who understands the complexities of getting a mortgage as a police officer can match you with lenders who offer the best deals and exclusive incentives.