| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Maximum LTV |
Arrangement Fee |
Application Fee |
|
| Newly Qualified Teacher Exclusive, 5 Year Fixed Rate Remortgage (subject to availability) 5% Deposit 4.49% Fixed |
|
| 4.49% |
4.89% |
4.8% APRC |
95% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 4.49% for the first 5 years (fixed until 14/08/2025). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.8% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
Who can apply and more information
- Available for remortgage applications only.
- At least one applicant must be a newly qualified teacher (NQT).
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a fixed rate of 4.49% (Ending on 14 August 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 61 monthly payments of £980.98 and 263 monthly payments of £1013.88.
The total amount payable would be £326,821.88 made up of the loan amount plus interest (£142,512.88) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 2 Year Variable Rate Mortgage 5% Deposit 3.75% Variable |
|
| 3.75% |
4.89% |
4.8% APRC |
95% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.75%, which is discounted by 1.14% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.8% APRC representative.
What you Pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Available for home purchase applications only.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £202,000.00 over 26 years initially on a discounted variable rate of 3.75% (equal to a 1.14% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £1014.49 and 288 monthly payments of £1136.09.
The total amount payable would be £351,871.49 made up of the loan amount plus interest (£149,562.49) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 5 Year Fixed Rate Remortgage (subject to availability) 5% Deposit 4.49% Fixed |
|
| 4.49% |
4.89% |
4.8% APRC |
95% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 4.49% for the first 5 years (fixed until 14/08/2025). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.8% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
Who can apply and more information
- Available for remortgage applications only.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a fixed rate of 4.49% (Ending on 14 August 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 61 monthly payments of £980.98 and 263 monthly payments of £1013.88.
The total amount payable would be £326,821.88 made up of the loan amount plus interest (£142,512.88) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, Shared Ownership, 2 Year Fixed Rate Mortgage (subject to availability) 5% Deposit 4.44% Fixed |
|
| 4.44% |
4.89% |
4.9% APRC |
95% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 4.44% for the first 2 years (fixed until 14/01/2023). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.9% APRC.
What you Pay
Daily interest.
An application fee of £199 (non-refundable) is payable with the application.
A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Available for Shared Ownership home purchase applications only.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £202,000.00 over 26 years initially on a fixed rate of 4.44% (Ending on 14 January 2023) and then our Standard Variable Rate of 4.89% for the remaining term, would require 25 monthly payments of £1092.56 and 287 monthly payments of £1138.88.
The total amount payable would be £354,506.15 made up of the loan amount plus interest (£152,197.15) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.9% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, Shared Ownership, 2 Year Fixed Rate Remortgage (subject to availability) 5% Deposit 4.44% Fixed |
|
| 4.44% |
4.89% |
4.9% APRC |
95% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 4.44% for the first 2 years (fixed until 14/01/2023). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.9% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback for NEU members upon completion.
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
Who can apply and more information
- Available for Shared Ownership home purchase and remortgage applications.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £202,000.00 over 26 years initially on a fixed rate of 4.44% (Ending on 14 January 2023) and then our Standard Variable Rate of 4.89% for the remaining term, would require 25 monthly payments of £1092.56 and 287 monthly payments of £1138.88.
The total amount payable would be £354,506.15 made up of the loan amount plus interest (£152,197.15) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.9% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, Shared Ownership, 5 Year Fixed Rate Mortgage (subject to availability) 5% Deposit 4.49% Fixed |
|
| 4.49% |
4.89% |
4.8% APRC |
95% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 4.49% for the first 5 years (fixed until 14/11/2025). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.8% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Available for Shared Ownership home purchase applications only.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £202,000.00 over 26 years initially on a fixed rate of 4.49% (Ending on 14 November 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £1098.34 and 253 monthly payments of £1133.92.
The total amount payable would be £352,017.69 made up of the loan amount plus interest (£149,708.69) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, Shared Ownership, 5 Year Fixed Rate Remortgage (subject to availability) 5% Deposit 4.49% Fixed |
|
| 4.49% |
4.89% |
4.8% APRC |
95% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 4.49% for the first 5 years (fixed until 14/11/2025). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.8% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback for NEU members upon completion.
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
Who can apply and more information
- Available for Shared Ownership home purchase and remortgage applications.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £202,000.00 over 26 years initially on a fixed rate of 4.49% (Ending on 14 November 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £1098.34 and 253 monthly payments of £1133.92.
The total amount payable would be £352,017.69 made up of the loan amount plus interest (£149,708.69) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|