February 2011  

Helping teachers onto the ladder

First-time buyers currently face no small challenge in turning their dream of home ownership into reality. But at Teachers Building Society, we continue to serve our founding purpose and do all we can to help teachers take that important first step on the property ladder.

No deposit required with HomeBuy Direct

HomeBuy Direct aims to make more affordable homes available to first-time buyers by providing an equity loan of up to 30% of the purchase price on specific new build properties.

At Teachers, we support HomeBuy Direct and can provide a mortgage for up to 70% of the purchase price, meaning that buyers may not need a deposit at all.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

NewBuild HomeBuy

With property prices remaining out of sync with average salaries, shared ownership is a solution that allows many to purchase their own home by starting with a share in the property and gradually buying more until the home is owned outright.

We are one of only a handful of lenders to support NewBuild HomeBuy by offering a mortgage product for the share being purchased requiring just a 10% deposit.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Competitive deals for a small deposit

If buying on the open market is more your thing, we have some competitive mortgage products requiring a deposit of just 10% of the purchase price/valuation.

You'll be allocated a named contact from our friendly team of mortgage consultants who'll help you from start to finish and we assess each case individually, able to provide a decision in principle the first time you call.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Great rates for regular savers!

If you're looking for a great return for your monthly savings, then look no further than our Regular Saver Issue 2.

Variable interest rate currently 4.0% gross p.a./AER
Includes a 2.4% bonus for the first 12 months from account opening
One withdrawal without penalty in the first year
Save £10 to £250 per month

Rates correct at the time of publication.

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Contact Teachers
Teachers Building Society, Allenview House, Hanham Road, Wimborne, Dorset BH21 1AG
Authorised and regulated by the Financial Services Authority (Registration no. 156580)