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New range of mortgages for teachers

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03/07/2015
Teachers Building Society has launched new mortgage products for those working in the education sector.

The mutual has created four new mortgage deals, including a 2.69% three-year discounted variable mortgage available up to 85% loan-to-value.

A Help to Buy three-year fix is on offer at 2.79% for borrowers with a 25% deposit while those with a 10% deposit can access a three-year fix at 5.09%.

The fourth product is a three-year fix at 2.79%, on offer to borrowers with a 20% deposit.

All new products are for both purchase and remortgage customers.

The range is designed for and available to teachers and others working in the education field, plus people of any profession in Dorset, Hampshire and Wiltshire.

James Bawa, chief executive of Teachers Building Society, said: “We have launched a range of competitive mortgages available for purchase and remortgage including three fixed rate mortgages which are designed to meet the needs of buyers seeking the reassurance of a fixed rate deal.

“We are on the cusp of the busy school summer break, traditionally a time when a large number of teachers, including those newly qualified will be buying a new home.

“Our new 90% fixed rate mortgage is designed to ensure we have both fixed and variable rate deals available at all LTV’s, including those aimed at people able to put down only a small deposit. We are committed to offering a range of good value products to teachers in England and Wales, as well as local residents, and these new products are all part of that process.”

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