Working for the UK police force is a demanding job, leaving little time for you to organise a mortgage – let alone do all of the research that comes with it. We are here to help you find the best mortgages available to you and do all of the hard work, so you don’t have to.
Mortgages for Police Officers
There aren’t specific mortgages for Policer Officers available. However, you will find that certain lenders offer more favourable criteria for police officers than others. We are here to help you find the best mortgage products for your circumstances.
There aren’t specific mortgages for Policer Officers available. However, you will find that certain lenders offer more favourable criteria for police officers than others. We are here to help you find the best mortgage products for your circumstances.
There aren’t specific mortgages for Policer Officers available. However, you will find that certain lenders offer more favourable criteria for police officers than others. We are here to help you find the best mortgage products for your circumstances.
Initially you may think of Police Officers and Detectives, however, many other roles within the Police could be viewed as Police workers in the eyes of the lenders. If you want to find out more about your role specifically, contact an expert for a brief, free chat to start your enquiry.
• Chief Superintendent (Police Service)
• CID Officer
• Detective Inspector
• Detective (Police Service)
• Police Constable
• Police Officer
• Sergeant
• Transport Police Officer
• Civilian Support Officer
• Community Support Officer
• Police Community Support Officer
Initially you may think of Police Officers and Detectives, however, many other roles within the Police could be viewed as Police workers in the eyes of the lenders. If you want to find out more about your role specifically, contact an expert for a brief, free chat to start your enquiry.
• Chief Superintendent (Police Service)
• CID Officer
• Detective Inspector
• Detective (Police Service)
• Police Constable
• Police Officer
• Sergeant
• Transport Police Officer
• Civilian Support Officer
• Community Support Officer
• Police Community Support Officer
Certain lenders offer favourable criteria by working for the Police. One such lender is currently offering an increased multiplier of 7 times your annual salary if you are employed and earning a minimum of £25,000 a year. This is a great benefit as most lenders offer between 4 and 5 times your yearly salary.
Certain lenders offer favourable criteria by working for the Police. One such lender is currently offering an increased multiplier of 7 times your annual salary if you are employed and earning a minimum of £25,000 a year. This is a great benefit as most lenders offer between 4 and 5 times your yearly salary.
Absolutely! Your shift allowance and overtime is part of your income as a Police Officer so lenders will take it into consideration when deciding how much they could lend you.
Some lenders view ‘bonus’ income differently to others. Some will use 100% of it when calculating how much they will lend you and others will only take 50% of it into consideration.
This is where it is beneficial to speak to an expert, who can weigh up the pros and cons of various lenders and products to find you the mortgage which best suits your needs.
Absolutely! Your shift allowance and overtime is part of your income as a Police Officer so lenders will take it into consideration when deciding how much they could lend you.
Some lenders view ‘bonus’ income differently to others. Some will use 100% of it when calculating how much they will lend you and others will only take 50% of it into consideration.
This is where it is beneficial to speak to an expert, who can weigh up the pros and cons of various lenders and products to find you the mortgage which best suits your needs.
Like all mortgage applications, your affordability will be calculated using various factors, some examples are:
• Income
• Financial Commitments
• Dependents
• Joint/ Sole Application
• Credit history
As we’ve found out, most lenders offer 4 -4.5x your salary, some will offer 5 – 5.5x and a few specialist lenders could offer you 7x your salary for being a Police Officer.
Like all mortgage applications, your affordability will be calculated using various factors, some examples are:
• Income
• Financial Commitments
• Dependents
• Joint/ Sole Application
• Credit history
As we’ve found out, most lenders offer 4 -4.5x your salary, some will offer 5 – 5.5x and a few specialist lenders could offer you 7x your salary for being a Police Officer.
