Mortgages For Teachers

Mortgage lenders widely regard teaching as a stable profession, like doctors, solicitors or dentists. This stability can work in your favour when you apply for a mortgage, with more lenders available offering the most competitive rates and terms. 

In this guide, we’ll cover everything you need to know about securing a mortgage as a teacher, including how you could qualify for exclusive government-backed schemes, what your maximum borrowing potential could be and tips to strengthen your application. 

Are there mortgages just for teachers?

No, not exactly. But, while there isn’t a mortgage product exclusively for teachers, several specialist lenders can offer tailored deals for professionals in stable careers. This could mean looking more favourably on your application, with greater flexibility and higher borrowing limits. 

So, by using a specialist lender who has a better understanding of your role and earning potential, your profession could open doors to exclusive mortgage deals not typically available or advertised on the High Street.

Do teachers get better mortgage rates?

Teachers don’t automatically get lower interest rates. However, because more mortgage lenders will see you as a low-risk borrower because of the job security and earning potential your career provides, you’ll have a much better chance of qualifying for the most competitive mortgage rates and terms.  

Some mortgage lenders could offer more flexibility for teachers, with lower deposit requirements and additional incentives such as reduced arrangement fees for applicants categorised as key workers. 

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 teacher mortgages can help you access these benefits and ensure you’re matched with the right lender.

Can teachers borrow more for a mortgage?

Potentially, yes. Teaching is a recognised, stable profession, so more lenders could allow you to borrow more than the standard 4 to 4.5 times your annual salary. Some lenders might be prepared to go as high as 5 or even 5.5 times your salary. 

For example, if you’re a newly qualified teacher with an annual salary of £31,650*, using the standard mortgage salary multiplier, you could borrow between £126,600 and £142,425 (4-4.5 times annual salary). With a specialist lender offering higher borrowing limits, you could potentially borrow between £158,250 and £174,075 (5-5.5 times annual salary). 

This additional flexibility in lending criteria can make a significant difference when determining the price range of properties you want to buy.  

Your exact borrowing potential, however, will depend on several factors, including your income AND outgoings, credit score, and overall affordability. 

*Source: NASUWT Pay Scales (2024-25)

What qualifications do teachers need when applying for a mortgage?

If you’re applying for a mortgage with exclusive incentives or terms for key workers, you’ll typically need to prove you hold recognised teaching qualifications, such as:

• Qualified Teacher Status (QTS)

• Postgraduate Certificate in Education (PGCE)

• Diploma in Teaching

• Certificate in Education

For trainee or unqualified teachers, proof of your employment contract and evidence of future earning potential may also be required. Lenders want to know that your income is reliable, so having the correct documentation ready can help speed up the process.

You can learn more about lenders' requirements in our guide: What Mortgage Lenders Look For In Applicants. 

Can you get a mortgage as a supply teacher? 

Yes, it’s possible, but it could be a bit trickier, depending on how long you’ve been continuously employed in this role. Supply teachers often have fluctuating incomes, making them less attractive to mainstream mortgage lenders. 

However, specialist mortgage lenders, like those who work with us, will better understand the unique challenges applicants in these types of roles can face in securing a mortgage. 

Rather than trying to apply directly with a lender, it's wiser to seek the help of an experienced mortgage broker - like us! - who will already know which lenders are better placed to help supply teachers get the mortgage they need. 

Can you get a mortgage as a student teacher? 

Securing a mortgage as a student teacher can be challenging, but it’s not impossible if you can provide enough evidence of affordability. Lenders may be hesitant due to the lack of a permanent contract and stable income. 

But there are options and steps you can take to improve your chances, such as: 

• Including evidence of any existing earnings from part-time work

• Provide proof of future employment (such as an offer letter)

• Support from family, such as a gifted deposit or guarantor

What Government Mortgage Schemes Are Available for Teachers?

Teachers 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. Priority is often given to key workers such as teachers, 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 a newly qualified teacher or currently in a supply role and can’t afford to buy outright. Over time, 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 teachers 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 teachers 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 evidence of your teaching qualifications. 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 teacher can match you with lenders who offer the best deals and exclusive incentives.