Newsletter |
October 2011 |
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All about FirstBuy
We've been helping teachers to buy their own homes for over 45 years and continue to offer a range of mortgage options to first-time buyers:
Deposit may not be required with FirstBuy
With the recently launched FirstBuy scheme you could buy a newly built home on a designated development with the assistance of two equity loans. One loan is from the Government, the other loan is from the Developer.
These two loans combined can cover up to 20% of the total purchase price, and Teachers Building Society could provide a mortgage for the remaining 80% of the purchase price, subject to approval. Repayments on the mortgage will be made in the usual way, with nothing payable on the amount that the Government and Developer contributed for the first five years.
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Your home may be repossessed if you do not keep up repayments on your mortgage.  |
Step onto the property ladder with Shared Ownership
Shared Ownership allows you to buy a newly built home by purchasing a share in the property (usually between 25% and 50% initially) while paying rent on the remaining share. Rent is subsidised to ensure that the overall monthly payments are affordable and over time, you would have the option to purchase a larger share of the property and, in most cases, can eventually own the property completely. |
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Your home may be repossessed if you do not keep up repayments on your mortgage. |
Need a mortgage but only have a small deposit?
We understand that saving a large deposit is not easy, so we offer competitive mortgage deals for up to 90% Loan-to-Value (requiring a deposit of just 10% of the purchase price of the property).
Our friendly and experienced mortgage consultants can give a decision in principle over the telephone in minutes and can help you every step of the way.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
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Charity Saver
We've teamed up with the Teacher Support Network to offer you a unique savings account that gives you a great return on your savings while enabling us to make an annual donation to the national charity for teachers.
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3.50% gross/AER, 2.80% net |
| Includes a 2.15% bonus for the first 12 months from account opening |
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Save between £10 and £500 each month by standing order |
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One withdrawal each calendar year without penalty |
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Forward to a friend and they could win £100!
E-newsletters from Teachers Building Society contain product updates and useful articles about money matters and buying property. Subscribe to receive the newsletter and you'll be entered into a prize draw to win £100!
Terms and conditions apply.
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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) |
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