Bottom rung on property ladder

6th May 2005 at 01:00
Q: I am thinking about buying a house. I've been told I can apply for the key worker living fund which helps with pound;50,000 of your mortgage. I've looked on their website - apparently it works in stages so if you are on fast track (which I'm not) you have a certain amount of points, and the more you have, the greater your chance of being accepted. The woman at the recruitment fair led me to believe that because I'm an ordinary NQT I would be bottom of the list. Is this true?

A: There is a limited amount of money available for the key worker living fund, which was created after the staffing crisis of 2001 in order to help key workers, such as teachers, live in the most expensive parts of the country. As the fund cannot satisfy all the demands made on it, there has to be prioritisation of the monies available. Sadly, there is an increasing problem recruiting senior staff into London and the South East, but less of a problem with NQTs since recruitment into teaching has picked up and more training places have been allocated to London. Also, the rental market in parts of London is weak, and many young teachers prefer to rent for the first couple of years rather than taking on a mortgage. For these reasons you may be at the end of the queue.

John Howson

Log-in as an existing print or digital subscriber

Forgotten your subscriber ID?


To access this content and the full TES archive, subscribe now.

View subscriber offers


Get TES online and delivered to your door – for less than the price of a coffee

Save 33% off the cover price with this great subscription offer. Every copy delivered to your door by first-class post, plus full access to TES online and the TES app for just £1.90 per week.
Subscribers also enjoy a range of fantastic offers and benefits worth over £270:

  • Discounts off TES Institute courses
  • Access over 200,000 articles in the TES online archive
  • Free Tastecard membership worth £79.99
  • Discounts with Zipcar,, Virgin Wines and other partners
Order your low-cost subscription today