Skip to main content

Teacher Exclusives

Our teacher-exclusive mortgages are available to education professionals who hold a qualified teacher status anywhere in England and Wales.

If you need any help or advice at any stage during the process, we have a friendly and knowledgeable team waiting to help you.

Due to unprecedented demand, we’re temporarily restricting our lending to a max LTV of 80%. We thank you for your continued support.

Teacher Exclusive, 2 Year Fixed Rate Mortgage 20% Deposit 3.44% Fixed
3.44% 5.24% 5.0% APRC 80% N/A £199

Key Features

Fixed rate

A fixed rate of 3.44% for the first 2 years (fixed until 14/07/2022). 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 £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 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 £172,000.00 over 27 years initially on a fixed rate of 3.44% (Ending on 14 July 2022) and then our Standard Variable Rate of 5.24% for the remaining term, would require 26 monthly payments of £815.73 and 298 monthly payments of £978.85.

The total amount payable would be £313,231.50 made up of the loan amount plus interest (£140,922.50) 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 5.0% 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This product may be withdrawn or amended at any time, without prior notice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 Fixed Rate Remortgage 20% Deposit 3.44% Fixed
3.44% 5.24% 5.0% APRC 80% N/A £199

Key Features

Fixed rate

A fixed rate of 3.44% for the first 2 years (fixed until 14/07/2022). 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 £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.
  • £100 cashback for NEU members upon completion.

Who can apply and more information

  • Available for remortgage 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 £172,000.00 over 27 years initially on a fixed rate of 3.44% (Ending on 14 July 2022) and then our Standard Variable Rate of 5.24% for the remaining term, would require 26 monthly payments of £815.73 and 298 monthly payments of £978.85.

The total amount payable would be £313,231.50 made up of the loan amount plus interest (£140,922.50) 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 5.0% 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 20% Deposit 2.74% Variable
2.74% 5.24% 4.9% APRC 80% N/A £199

Key Features

Variable rate

A variable rate, currently 2.74%, which is discounted by 2.50% 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 4.9% APRC representative.

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 home purchase and remortgage applications.
  • 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 £172,000.00 over 27 years initially on a discounted variable rate of 2.74% (equal to a 2.50% discount off our SVR) for 2 years and then our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £751.80 and 300 monthly payments of £976.36.

The total amount payable would be £311,273.11 made up of the loan amount plus interest (£138,964.11) 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, 2 Year Variable Rate Remortgage 20% Deposit 2.74% Variable
2.74% 5.24% 4.9% APRC 80% N/A £199

Key Features

Variable rate

A variable rate, currently 2.74%, which is discounted by 2.50% 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 4.9% APRC representative.
 

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.
  • £100 cashback for NEU members upon completion.

Who can apply and more information

  • Available for remortgage applications.
  • 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 £172,000.00 over 27 years initially on a discounted variable rate of 2.74% (equal to a 2.50% discount off our SVR) for 2 years and then our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £751.80 and 300 monthly payments of £976.36.

    The total amount payable would be £311,273.11 made up of the loan amount plus interest (£138,964.11) 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, 5 Year Fixed Rate Mortgage 20% Deposit 3.49% Fixed
    3.49% 5.24% 4.6% APRC 80% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.49% for the first 5 years (fixed until 14/06/2025). 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 4.6% 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 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 £172,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2025) and then our Standard Variable Rate of 5.24% for the remaining term, would require 61 monthly payments of £820.41 and 263 monthly payments of £962.04.

    The total amount payable would be £303,386.98 made up of the loan amount plus interest (£131,077.98) 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 4.6% 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 20% Deposit 3.49% Fixed
    3.49% 5.24% 4.6% APRC 80% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.49% for the first 5 years (fixed until 14/06/2025). 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 4.6% 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.
    • £100 cashback for NEU members upon completion.

    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 £172,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2025) and then our Standard Variable Rate of 5.24% for the remaining term, would require 61 monthly payments of £820.41 and 263 monthly payments of £962.04.

    The total amount payable would be £303,386.98 made up of the loan amount plus interest (£131,077.98) 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 4.6% APRC representative.

    Call us today on 0800 378 669

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

    THIS SITE IS FOR INTERMEDIARIES' USE ONLY