As a result of the coronavirus pandemic, many mortgage deals aimed at first time buyers were withdrawn from the market by high street providers. Moneyfacts
reported that by 4 September there were only 76 mortgage deals available at 90% loan to value and above, compared to more than 1,100 before the March 2020 lockdown, potentially moving the finish line further away for those who thought they’d saved enough.
At Teachers Building Society we’ve been helping teachers onto the ladder for over 50 years, and that’s not about to change. We’ve continued lending to teachers with smaller deposits throughout the pandemic to ensure their plans to buy a first home aren’t thwarted. Educational professionals have had enough to worry about in recent months, and we don’t want mortgage finance to add to that list.
Whilst we can’t help with finding a dream home, picking soft furnishings or packing, we can help by making the mortgage application process simple, easy and accessible and that’s what we plan to keep doing.
Ready to step onto the ladder?
Our first time buyer mortgages are suitable for NQTs and experienced education staff with smaller deposits. Find out more online or call our friendly team on 0800 378 669