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Police Mortgages

What mortgages options are available for police in the UK? Get the right advice here.

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No impact on credit score

Pete Mugleston

Author: Pete Mugleston - Mortgage Advisor, MD

Updated: December 15, 2021

There are lots of barriers that can make it difficult for police officers to find a mortgage.

Limited time due to a hectic working week and a saturated police mortgage market can make it difficult to know where to begin and what the best approach to finding a competitive deal is.

Without access to the exclusive deals that aren’t available directly on the high street, comparing police officer mortgages can be confusing.

Luckily, to make the process of finding a mortgage as a police officer more simple, we’ve created this handy guide with the key information you need.

What mortgage options are there for police officers?

A police mortgage is not a product in its own right and so the majority of lenders will expect you to meet the same eligibility requirements as any other borrower.

That being said, as a police officer, your salary and employment type can have a positive affect on your mortgage application.

Therefore, depending on your situation, there may be multiple mortgage options for you to choose from as a police officer.

After speaking with an experienced broker who negotiates mortgages for police officers and staff, you may decide that a repayment mortgage is a more financially viable option for you.

The key to truly understanding which mortgage options may be available to you, is to speak to a professional.

Contact an advisor here for information about the current mortgage products and rates available to police officers.

Police mortgage schemes

Although there aren’t necessarily police officer mortgage schemes available directly for those within the force, there may be other mortgage schemes that you could benefit from.

These may include…

Help To Buy, Shared Ownership

This scheme allows the buyer to purchase a share of a property (25% to 75%) rather than buying all of it.

The share of the home that you don’t own can be purchased later down the line and until then, you as the buyer are required to pay rent on that share.

Read our guide on Help to Buy mortgages and Shared Ownership mortgages for more information.

Help to Buy: Equity loan

This can be a helpful scheme for police officers who don’t have a large deposit to secure a property.

The Help to Buy: Equity loan scheme requires that a borrower pays a 5% deposit which is then topped up by the government with a 20% equity loan.

This increases the deposit to 25%, meaning that more mortgage options and often better rates are available.

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What will lenders look at when I apply for a police mortgage?

When deciding whether to lend to you, a mortgage provider may ask questions and require evidence for your:

Lots of borrowers worry about this, especially if they have or have had issues with any of the above factors.

However, it’s important to remember that each lender will have a different set of criteria that they will use to conclude whether or not they can loan you, so just because one may reject you, it doesn’t necessarily mean they all will.

How does my income affect my ability to get a police mortgage?

Most police mortgage providers will look at your income very closely to work out whether they’ll lend to you.

The amount of income you earn as well as the source of your income, will be assessed to determine whether you are an ideal borrower.

As a member of the police force, your income is most likely paid as a salary rather than on a self-employed basis.

There are lenders who prefer this as it suggests some level of financial security.

Loaning large amounts of money is risky for lenders, so knowing that you have a secured income can provide mortgage lenders with confidence in your ability to pay your mortgage on time and in full.

However, it’s also useful to know that even if your income is paid on a self-employed basis, there may be lenders willing to offer a self-employed mortgage, depending on your circumstances.

Can the amount of time in my role affect my police force mortgage?

Yes, you may find that the amount of time you have served within your current role can affect your ability to obtain a mortgage.

This is because some lenders view shorter employment terms or new jobs as less stable.

Some may require borrowers to have spent more than three years in a role however this is not always the case.

Can I get a mortgage while on probation with the police?

For those seeking a police probation mortgage, evidence of an employment contract may help to assist with your application, however, it’s also good to know that there may be lenders who can take other factors into consideration.

Speak to an expert in police mortgages here to find out more.

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How much can I borrow on a police officer mortgage in the UK?

The rates and deals of police mortgages in the UK can vary heavily depending on where you live in the country, your own financial situation and of course, your salary.

Although there are exceptions to this rule, most lenders throughout the UK will loan 4.5 x a borrower’s salary.

For example, if we were to take the average starting salary of a police officer in England and Wales at the time of writing – which is between £19,971 and £23,124 – most mortgage providers would cap their lending at between £89,869 and £104,058.

At the top end of the scale, the average police constable salary in the UK can rise to £38,382 within approximately seven years. In this case, the average lender would cap the amount you can borrow at £172,718.

How much can I borrow on a police officer mortgage in Scotland?

The starting salary in Scotland is marginally higher compared to that of English and Welsh police officers and because of this, you may find that lenders are prepared to offer higher loans.

If we were to take the average starting salary of a police officer in Scotland the figures would be as such:

£24,204, x 4.5 = £108,918

You may also find that some lenders are prepared to offer higher income multiples of 5 x an annual salary and in very exceptional circumstances, there may even be those willing to lend 6 x.

That being said, with so many roles within the police force and so many extenuating factors, it can be difficult to pinpoint exactly how much any given individual will be able to apply for.

For more information about how your income can affect your borrowing ability for a police mortgage in Scotland or the rest of the UK, see our guide to borrowing based on salary.

One of our expert mortgage advisors can also calculate how much you may be able to borrow with various lenders. Contact us here for a quick quote.

Can I get a police staff mortgage?

There are many diverse roles within the police force provide and of course, not all of them have the same salary.

We receive lots of mortgage enquiries from police staff including Communications Officers, Project Managers and even Motorcycle Technicians.

See the table below for a brief guide on how different salaries can affect the amount of police mortgage offered by lenders.

Role Average Salary 4.5x Income Multiples 5x Income Multiples 6x Income Multiples
Communications Officers £24,702 £111,159 £123,510 £148,212
Crime scene investigator £24,000 £108,000 £120,000 £144,000
Motorcycle technician £31,847 £143,311 £159,235 £191,082
Intelligence researcher £24,624 £110,808 £123,120 £147,744

The above figures are for demonstration purposes only and to gain an accurate figure, it’s best to talk to a mortgage advisor.

They can take the time to look at your individual circumstances, search the whole of the mortgage market and provide a more accurate reflection of what you can expect to borrow.

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Will bad credit stop me from getting a police mortgage?

Lots of police officers and workers worry that their ‘bad credit’ will prevent them from being able to get a mortgage.

The good news is that not all ‘bad credit’ is assessed the same and some bad credit mortgage lenders may be able to loan to you. Some include a mortgage with a CCJ or even a bankruptcy mortgage.

Speak to an advisor to discuss your options.

Police pension mortgages

Many retired police officers have approached us after receiving incorrect advice about police pensions mortgages.

Some potential homeowners are put off from approaching lenders because they fear that they will be rejected as an older borrower.

However, this is not always the case.

Whilst it can be true that some lenders can have concerns about retired borrowers and their ability to pay a mortgage on a limited income, there are some specialist lenders who can take other factors including your police pension, savings and benefits into consideration.

For more information on lending in later life, visit our section on this here.

Alternatively, speak with an advisor to discuss which lenders are more likely to approve your police pension mortgage.

Which lenders should I approach for a police mortgage?

With so many lenders and varying mortgage deals on the market, it can be difficult to know where to begin.

What is the best police mortgage bank?

Well, for starters, it isn’t just banks who offer police mortgages. Building societies and other types of lender will also consider them under the right circumstances.

Every police mortgage provider will have their own set of criteria that they will use to assess a borrower and decide whether or not they can lend to them.

Not only does this make the process of finding a mortgage extremely time consuming but it can also lead to wasted money in application fees, as well as nasty credit rejections on your file.

To avoid this, always work with a broker. They will have access to the current rates and deals and can compare each one for you before you apply.

Contact a broker who specialises in police mortgages here to find out which lenders are currently offering the most competitive deals.

How can a mortgage broker assist me with my police mortgage?

  • The advisors we work with can look at your current circumstances and listen to what it is you need from a mortgage. Using this information, they can research the whole of the mortgage market to discover the best deals for you.
  • Any paperwork for your mortgage can be managed by a professional, saving you time and hassle. The advisors we work with can also deal with solicitors on your behalf.
  • Your mortgage broker can manage your police mortgage process from start to end. They’ll keep you up to date with any changes and will persist to save you money wherever possible.

Speak to a police mortgage expert

If you have questions about mortgages for police officers and want to speak to an expert for the right advice, call Online Mortgage Advisor today on 0808 189 2301 or make an enquiry here.

Then sit back and let us do all the hard work in finding the broker with the right expertise for your circumstances. We don’t charge a fee and there’s absolutely no obligation or marks on your credit rating.

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About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for OMA of course!

Read more about Pete

Pete Mugleston

Mortgage Advisor, MD

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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