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.

 

​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/​​1​​2/2023). 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 December 2023) and then our Standard Variable Rate of 5.24% for the remaining term, would require 61 monthly payments of £821.54 and 287 monthly payments of £867.52.

The total amount payable would be £299,438.72 made up of the loan amount plus interest (£142,112.22) 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

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This product may be withdrawn or amended at any time, without prior notice

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Teachers Building Society
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(Register no. 156580)
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