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Teachers Building Society Lowers Rates on Fixed Rate Mortgages

May 11, 2017

Teachers Building Society has made some changes to its fixed rate mortgage range including lowering the rates on a number of mortgages and launching a new 3 year fixed rate mortgage.

The reduced fixed rates, available for teachers and local residents, include a 2 year fixed mortgage and remortgage and two 3 year fixed rate mortgages, all available at 80% or 85% LTV. The rate reductions are up to 0.40%.

Andy Yates, Business Development Manager at Teachers Building Society, said: “We are pleased to have made reductions to a range of our rates to reflect the current marketplace and provide borrowers with a range of mortgage options. Fixed rates meet the needs of many who seek the reassurance of fixed monthly payments and at Teachers we now have a good range of three year fixed rates for borrowers, as well as a teacher-special 5 year fixed rate which we have also re-launched for teachers this year.”

All the mortgages have an £899 arrangement fee and £99 application fee; the remortgage has no arrangement fee and an application fee of £99. 

Mortgages from Teachers Building Society are available to teachers and education professionals in England and Wales.

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