Teachers Building Society is helping first time buyers to negotiate the increasingly complex property market maze with its new podcast – free to download at www.teachersbs.co.uk. With high house prices is making it harder than ever for public sector workers to get on the property ladder, the podcast offers useful tips and an outline of schemes to help teachers purchase their first home. The podcast also provides a jargon-free overview of the Government’s New Build HomeBuy scheme.
Teachers cannot afford to buy homes in seven out of 10 UK towns, suggests research by the Halifax. The Teachers Building Society podcast will help buyers work out what they can afford and the best ways to save up for a deposit on their first home. The podcast covers a number of options to suit everyone, including mortgages guaranteed by parents and buying with a group of friends.
The Teachers Building Society’s briefing provides a jargon-free guide to the Government’s New Build HomeBuy scheme where the buyer can purchase a share of the property and pay rent for the remaining share. Teachers Building Society can offer education professionals a helping hand with the 100% Shared Ownership Plan for Teachers, a rarity in the mortgage marketplace. This means teachers can purchase a share of a property with a mortgage of up to 100% and rent the remaining portion from a housing association, increasing the percentage of the property they own as their pay increases.
Mike Hislop, Marketing Manager at Teachers Building Society, commented: “All first time buyers are struggling to purchase homes in the current marketplace but we understand the needs of teachers better than any other building society. By downloading the podcast from our website, education professionals will be able to hear more about how we can personally help each individual through the process from the moment they consider buying a home.”
