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From 1 April 2004, teachers working in these areas have been able to apply for interest-free equity loans under the Key Worker Living scheme towards the costs of buying a home.
There are several options.
Eligibility
More information on eligibility is available from the Housing options website , but generally if you have qualified teacher status (QTS), are employed on a permanent contract, have a household income of less than £60,000 pa and have at least five years’ to serve prior to your retirement, you may be eligible for a loan.
To find out more, please see the Housing options website, which has a useful ‘FAQ’ section on key worker housing.
Regional options
Shared ownership
Help and support
For further advice on this issue, ATL members can speak to their school rep, their branch secretary or their regional official. They can also call the London (020 7930 6441), Cardiff (029 2046 5000), Belfast (028 9078 2020) or Edinburgh (0131 272 2748) offices or email info@atl.org.uk
For out of hours enquiries, call the out of office hours helpline on 020 7782 1612 (Monday-Friday, 5-8pm during term time).
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