Teachers Building Society is celebrating 50 years of helping teachers onto the property ladder this December and is offering £50 for 50 schools to mark the occasion.
The Society was formed in 1966 when the National Union of Teachers (NUT) acquired the London Scottish Building Society and renamed it to become a specialist society for teachers - to help the NUT members onto the property ladder. Teachers Building Society was created and offered 95% mortgages from day one “to assist the younger teacher as far as possible.”
“The original purpose of our creation still holds true today “said Dean Fensome, acting CEO of Teachers Building Society, “We’re delighted to be celebrating this milestone and to continue our work on ensuring our products reflect the needs of teachers and other education professionals across England and Wales.”
Kevin Courtney, General Secretary of the NUT, said: "The NUT is proud to have been involved in the establishment of the Teachers Building Society fifty years ago. The need for this service for teachers is as significant in 2016 as it was in 1966. We are delighted to congratulate the society on celebrating its 50th anniversary. The union and the society continue to work closely together to meet the mortgage and savings needs of teachers. Happy 50th Birthday TBS!"
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE