Mortgages from Teachers Building Society

Our mortgages

Mortgages are the heart and soul of what we do

In the 60s and early 70s teachers were considered unattractive lending prospects by many high street lenders, thanks to their relatively low pay. 

Our founders recognised the risk that teachers who were unable to purchase their own home may leave the profession.

They took radical action, founding our Society specifically to offer equality of lending to teachers - which has remained our core purpose ever since.

Today we support NQTs, experienced teachers, those working as supply or contract teachers and those wishing to buy a home with a non-teacher partner.

We also offer holiday let mortgages and buy to let mortgages, applications for which are open to non-teachers
(find out why here).

Our mortgages are available for properties in England and Wales.

 

 

Mortgages are in our roots

We were formed specifically to help teachers get on the ladder.

Mortgages for ECTs

 

We offer mortgages to teachers starting their careers

Supply or contract teacher?

We can help you buy a home

Mortgages for experienced teachers

We can help you buy a home no matter what stage of your teaching career

You might be wondering why we offer holiday-let mortgages and buy to let mortgages to non- teachers - it’s a good question. There are two reasons.

Firstly, (like all lenders) it’s our duty to keep both our business and your money safe, and to do that we follow regulator rules around how many of our mortgages are to borrowers with small deposits and how many are to people with much bigger deposits. Offering holiday let and buy to let mortgages (requiring at least a 25% deposit) balances out the small deposit mortgages we offer to teachers.

Secondly, we think having a specialism – like lending to teachers – is a really good thing. So instead of offering our lowest deposit mortgages to the masses, we decided to apply our specialist knowledge to the buy to let market.

A selection of our guides you might be interested in...

10 things to look at when viewing a property

Viewing a potential home for purchase is really exciting, but whilst a “good feeling” is important, it’s also worth considering more practical aspects whilst looking around. In this short guide we share 10 things to look at when viewing a property you’re considering purchasing.

10 questions to ask an estate agent

It's common when viewing a potential property that an estate agent shows you round and tells you some basic information about the home. But as industry experts is there extra information they have that would be useful to you in the decision making process? In this guide we reveal 10 things you could consider asking to leave you armed with as much information as possible.

How to buy a home

Have you ever wondered where to start when it comes to buying a home of your own? For the first time buyer we know it can feel daunting and want to help simplify things. In this guide we explain in ten simple steps how to progress from prospective buyer to home owner.

Please note: Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage. Terms and conditions apply. Mortgages are subject to underwriting and criteria. Please contact us for full details.

Ready for an appointment

Whether it's an initial chat or full application make an appointment to talk to one of our advisors.

Book an appointment