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Teachers’ Building Society increase LTV % on range of mortgages

Feb 02, 2015

Teachers’ Building Society has increased the Loan to Value (LTV) from 75% to 80% on a range of mortgages deals including two intermediary mortgage deals 

The deals included in the LTV increase include a 3 year discounted variable rate at 2.44% (home purchase) and a 3 year discounted variable rate (remortgage) at 2.66%.

James Bawa, chief executive of Teachers Building Society said, “Teachers Building Society is committed to helping as many people as possible to move onto the property ladder. We are implementing a range of changes to our products, increasing the LTV from 75% to 80% which will make the products available to a wider audience. We are committed to offering a range of good value products to teachers across the UK and local residents, and these changes are all part of that process.”

Colin Dorman, national account manager said, “These mortgages, available through the intermediary channel are now available to buyers at an increased LTV of 80%. This along with our new specialist products and our approach to manual underwriting without credit scoring make our proposition stand out to intermediaries.”

Mortgages from Teachers’ Building Society are available to teachers and education professionals in England and Wales as well as applicants of any occupation purchasing or remortgaging in Dorset, Hampshire and Wiltshire.

Teachers Building Society accepts introduced mortgage business from members of the Legal & General Mortgage Club, Tenetlime and Mortgage Intelligence networks.

To find out more about the range of mortgages available at Teachers’ Building Society, call the broker support team on 0800 378 669 or browse our website.



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