Teacher Exclusives

Our teacher-exclusive mortgages are available to education professionals (including teachers, teaching assistants, nursery nurses, child therapists and lecturers) anywhere in England and Wales.

We have been based in Wimborne since 1976 and are proud to provide an award-winning, truly personal service. If you need any help or advice at any stage during the process, we have a friendly and knowledgeable team waiting to help you.

 

​​Variable Rate

Teacher Exclusive, 2 Year Variable Rate Mortgage 5% Deposit 2.49% Variable
2.49% 5.24% 5.0% APRC 95% £999 £99

Key Features

Variable rate

A variable rate, currently ​2.​49%, which is discounted by 2.75% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 5.0% APRC representative.

 

What you Pay

  • Daily interest.
  • An application fee of £99 (non-refundable) is payable with the application.
  • An arrangement fee of £999 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 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 £157,000 over 29 years initially on a discounted variable rate of 2.49% (equal to a 2.75% discount off our SVR) for 2 years and then on our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £633.92 and 324 monthly payments of £862.54.

The total amount payable would be £296,013.27 made up of the loan amount plus interest (£137,687.77) with a funds transfer fee of £25, mortgage application fee of £99, mortgage arrangement fee of £999, legal fees of £117.50 and a mortgage exit fee of £85.

The overall cost for comparison is 5.0% APRC representative.

Call us today on 0800 378 669

Full Mortgage Details
Arrange a call back

This product may be withdrawn or amended at any time, without prior notice
Teacher Exclusive, 2 Year Variable Rate Mortgage 5% Deposit 2.79% Variable
2.79% 5.24% 5.0% APRC 95% N/A £99

Key Features

Variable rate

A variable rate, currently ​​2.79%, which is discounted by ​​2.45% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 5.0% APRC representative.

What you Pay

  • Daily interest.
  • An application fee of £99 (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 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 £157,000 over 29 years initially on a discounted variable rate of ​2.79% (equal to a ​2.45% discount off our SVR)  for 2 years and then on our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £​658.51 and 324 monthly payments of £​864.47.

The total amount payable would be £​296,231.05 made up of the loan amount plus interest (£1​38,904.55) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.

The overall cost for comparison is 5.0% APRC representative.

Call us today on 0800 378 669

Full Mortgage Details
Arrange a call back

This product may be withdrawn or amended at any time, without prior notice

​Fixed Rate

Teacher Exclusive, 5 Year Fixed Rate Mortgage 5% Deposit 4.64% Fixed
4.64% 5.24% 5.1% APRC 95% N/A £99

Key Features

Fixed rate

A fixed rate of ​4.64% for the first 5 years (fixed until 14/​​02/2024). It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is ​5.1% APRC.

What you Pay

  • Daily interest.
  • An application fee of £99 (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 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 £157,000 over 29 years initially on a fixed rate of 4.64% (ending on 14th ​February 202​4) and then our Standard Variable Rate of 5.24% for the remaining term, would require ​60 monthly payments of £​821.54 and 288 monthly payments of £867.98.

The total amount payable would be £299,​677.18 made up of the loan amount plus interest (£142,372.68) with an application fee of £99, a funds transfer fee of £25, legal fees of £117.50 and a mortgage exit fee of £85.

The overall cost for comparison is 5.1% APRC representative.

Call us today on 0800 378 669

Full Mortgage Details
Arrange a call back

This product may be withdrawn or amended at any time, without prior notice
Teacher Exclusive, Shared Ownership, 2 Year Fixed Rate Mortgage 5% Deposit 3.84% Fixed
3.84% 5.24% 5.1% APRC 95% N/A £99

Key Features

Fixed rate

A fixed rate of ​3.84% for the first ​2 years (fixed until 14/​​04/2021). It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is ​5.1% APRC.

What you Pay

  • Daily interest.
  • An application fee of £99 (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, we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
    • £100 cashback for NEU members upon completion.

    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 £157,000 over 29 years initially on a fixed rate of 3.84% (ending on 14th April 2021) and then our Standard Variable Rate of 5.24% for the remaining term, would require 25 monthly payments of £748.69 and 323 monthly payments of £868.95.

    The total amount payable would be £299,613.67 made up of the loan amount plus interest (£142,287.17) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.

    The overall cost for comparison is 5.1% APRC representative.

    Call us today on 0800 378 669

    Full Mortgage Details
    Arrange a call back

    This product may be withdrawn or amended at any time, without prior notice
    Teacher Exclusive, Shared Ownership, 5 Year Fixed Rate Mortgage 5% Deposit 4.35% Fixed
    4.35% 5.24% 5.0% APRC 95% N/A £99

    Key Features

    Fixed rate

    A fixed rate of ​4.35% for the first 5 years (fixed until 14/​​02/2024). It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.

    The overall cost for comparison is ​5.0% APRC.

     

    What you Pay

    • Daily interest.
    • An application fee of £99 (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, we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
    • ​£100 cashback for NEU members upon completion.

    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 £157,000 over 29 years initially on a fixed rate of 4.35% (ending on 14th February 2024) and then our Standard Variable Rate of 5.24% for the remaining term, would require 59 monthly payments of £794.73 and 289 monthly payments of £864.44.

    The total amount payable would be £297,057.51 made up of the loan amount plus interest (£139,731.01) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.

    The overall cost for comparison is 5.0% APRC representative.

    Call us today on 0800 378 669

    Full Mortgage Details
    Arrange a call back

    This product may be withdrawn or amended at any time, without prior notice

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