Barratt Redrow offers deposit boost for key workers in Scotland

Housebuilder Barratt Redrow has extended its Key Worker Deposit Contribution Scheme to even more frontline workers.
The scheme, which gives up to £25,000 as a deposit, is now being offered to social workers, nursery workers, pharmacists, and a larger cohort of NHS response workers.
The developer is currently creating a range of new communities across Scotland, including David Wilson Homes at St Andrews and Valley Park in West Lothian and Barratt Homes in Auchinleck Village, Glasgow, and Westburn Gardens, Aberdeen.
Originally launched to celebrate the 75th anniversary of the National Health Service, the Key Worker Deposit Contribution Scheme now supports more key workers to afford a new home by helping to pay their deposit.
Amongst those benefitting are workers in the NHS, Education sector, Police Force, Fire Service, Ministry of Defence, Environmental Service, National Highways, Transport Scotland & Transport for Wales, Probation and Prison Services, Local Authorities, the RNLI, and foster carers, in addition to the newly added services.
So far, the housebuilder has given support totalling £63 million to key workers across the UK, of which £8m has been provided to 498 homebuyers in Scotland.
Under the scheme, eligible key workers are offered £1,000 as a deposit contribution for every £20,000 of a home’s purchase price. For example, on a home costing £250,000, key workers would qualify for a contribution of £12,500.
Alison Condie, regional managing director at Barratt and David Wilson Homes Scotland, said: “Our Key Worker Deposit Contribution Scheme has already helped almost 500 buyers in Scotland to purchase a low-carbon, energy-efficient home.
“While mortgage interest rates are starting to come down, many buyers are still struggling to get into a home that fits with their lifestyle. We’re now extending the scheme even further to ensure that those who provide essential frontline services can get into their own place.”