If you’re a member of the police force, you could get a deal tailored to your needs with a police mortgage. Here’s everything you need to know about how they work.
What is a police mortgage?
It’s a term used when talking about mortgages offered to members of the police force that can provide benefits tailored to their profession. In reality, it is no different to any other mortgage.
Some brokers and mortgage lenders specialise in offering products to professionals, including police officers.
High street lenders might not be able to offer the flexibility you need to get the best possible mortgage deal. That’s why it’s worth speaking to one of our expert advisors who can understand your situation and search the market for you.
Do police get help with mortgages?
There is no formal scheme or product designed to help police officers get a mortgage. However, some lenders will look more favourably on your application if you are in the police force.
Lenders that offer preferential terms to professionals like police officers see you as an attractive, low-risk applicant. Because your role is seen as secure and offering strong career progression, they’re willing to reward you with improved terms.
What incentives do police mortgages offer?
Is overtime included when assessing income?
A lot of high street lenders might not be able to consider things like your overtime, bonuses or shift allowances when calculating your income; however, specialist lenders will.
Mortgage providers that specialise in deals for police understand how your income works, so can include your additional income when assessing your application.
Your overtime will need to be consistent, and you’ll need to provide proof of all your additional income for at least the last six months. You may also need to provide evidence that your overtime will be available in the future.
Who is eligible for a police mortgage?
You will need to be a member of the UK police force or police staff to be eligible for the benefits of a police mortgage.
If you are newly qualified or in training, some lenders might not consider you. Many require you to have been in your role or on your career path for at least 10 years. However, some lenders are happy to include professionals who are only just starting out.
Remember that no matter how long you have been working in the police, you still need to pass all of the lender's eligibility criteria. These include having:
A large enough deposit saved up, usually at least 5% of the purchase price
A strong credit record
The affordability to comfortably meet the monthly repayments of the loan
You will also need to be a UK resident and at least 18 years old to apply for a mortgage, but some specialist lenders set their age limit at 21.
How to get a police mortgage
Our expert says...
“It can be harder to find a mortgage that works for you as a police officer. However, finding a lender that understands your needs and rewards your profession is possible.
Speak to one of our expert advisers who can talk you through your options and help you find the right police mortgage for your next home purchase.”
Police mortgages FAQs
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Important info & marketing claims
You may have to pay an early repayment charge to your existing lender if you remortgage. Your savings will depend on personal circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
*The savings figure of £506 is based on Better.co.uk remortgage customers in December 2023. Read more on our marketing claims page.
We can't always guarantee we will be able to help you with your mortgage application depending on your credit history and circumstances.
Average mortgage decision and approval times are based on Better.co.uk's historic data for lenders we submit applications to.
Tracker rates are identified after comparing over 12,000 mortgage products from over 100 mortgage lenders.
As of January 2023, Better.co.uk has access to over 100 lenders. This number is subject to change.
For buy-to-let landlords, there's no guarantee that it will be possible to arrange continuous letting of a property, nor that rental income will be sufficient to meet the cost of the mortgage.