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Fixed Rate Mortgages

TEACHER-ONLY FIXED RATE MORTGAGES

Teacher Exclusive, 2 Year Fixed Rate Mortgage 20% Deposit 3.44% Fixed
3.44% 4.89% 4.7% 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 4.89%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 4.7% 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 £184,000.00 over 27 years initially on a fixed rate of 3.44% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £872.64 and 300 monthly payments of £1012.38.

The total amount payable would be £324,983.70 made up of the loan amount plus interest (£140,674.70) 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 4.7% 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This product may be withdrawn or amended at any time, without prior notice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% 4.89% 4.7% 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 4.89%, and remains on our variable rate terms for the rest of the mortgage.
 
The overall cost for comparison is 4.7% 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 £184,000.00 over 27 years initially on a fixed rate of 3.44% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £872.64 and 300 monthly payments of £1012.38.

The total amount payable would be £324,983.70 made up of the loan amount plus interest (£140,674.70) 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 4.7% 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% 4.89% 4.4% 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 4.89%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 4.4% 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 £184,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £877.65 and 265 monthly payments of £998.17.

The total amount payable would be £316,623.00 made up of the loan amount plus interest (£132,314.00) 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 4.4% 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% 4.89% 4.4% 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 4.89%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 4.4% 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 £184,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £877.65 and 265 monthly payments of £998.17.

The total amount payable would be £316,623.00 made up of the loan amount plus interest (£132,314.00) 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 4.4% 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 Mortgage 10% Deposit 3.69% Fixed
3.69% 4.89% 4.8% APRC 90% N/A £199

Key Features

Fixed rate

A fixed rate of 3.69% for the first 2 years (fixed until 14/07/2022). 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 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 £184,000.00 over 27 years initially on a fixed rate of 3.69% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £897.82 and 300 monthly payments of £1013.99.

    The total amount payable would be £326,072.29 made up of the loan amount plus interest (£141,763.29) 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 Fixed Rate Remortgage 10% Deposit 3.69% Fixed
    3.69% 4.89% 4.8% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.69% for the first 2 years (fixed until 14/07/2022). 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.
    • £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 £184,000.00 over 27 years initially on a fixed rate of 3.69% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £897.82 and 300 monthly payments of £1013.99.

    The total amount payable would be £326,072.29 made up of the loan amount plus interest (£141,763.29) 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 Mortgage 10% Deposit 3.74% Fixed
    3.74% 4.89% 4.5% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.74% for the first 5 years (fixed until 14/06/2025). 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 4.5% 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 £184,000.00 over 27 years initially on a fixed rate of 3.74% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £902.90 and 265 monthly payments of £1002.32.

    The total amount payable would be £319,213.76 made up of the loan amount plus interest (£134,904.76) 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 4.5% 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 10% Deposit 3.74% Fixed
    3.74% 4.89% 4.5% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.74% for the first 5 years (fixed until 14/06/2025). 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 4.5% 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 £184,000.00 over 27 years initially on a fixed rate of 3.74% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £902.90 and 265 monthly payments of £1002.32.

    The total amount payable would be £319,213.76 made up of the loan amount plus interest (£134,904.76) 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 4.5% APRC representative.

    Call us today on 0800 378 669

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

    Newly Qualified Teacher Exclusive, 5 Year Fixed Rate Mortgage 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.
    • £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 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

    Newly Qualified Teacher Exclusive, 5 Year Fixed Rate Remortgage 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 Fixed Rate Mortgage 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 14/09/2022). 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 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 £184,000.00 over 27 years initially on a fixed rate of 4.44% (Ending on 14 September 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 26 monthly payments of £975.67 and 298 monthly payments of £1018.39.

    The total amount payable would be £329,179.04 made up of the loan amount plus interest (£144,870.04) 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 Fixed Rate Remortgage 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 14/09/2022). 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 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 4.44% (Ending on 14 September 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 26 monthly payments of £975.67 and 298 monthly payments of £1018.39.

    The total amount payable would be £329,179.04 made up of the loan amount plus interest (£144,870.04) 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 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.
    • £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 £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, 5 Year Fixed Rate Remortgage 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 5% Deposit 3.69% Fixed
    3.69% 4.89% 4.8% APRC 95% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.69% for the first 2 years (fixed until 14/03/2022). 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 £184,000.00 over 27 years initially on a fixed rate of 3.69% (Ending on 14 March 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 20 monthly payments of £897.82 and 304 monthly payments of £1015.35.

    The total amount payable would be £326,950.41 made up of the loan amount plus interest (£142,641.41) 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 Mortgage 5% Deposit 3.74% Fixed
    3.74% 4.89% 4.6% APRC 95% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.74% for the first 5 years (fixed until 14/01/2025). 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 4.6% 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 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 £184,000.00 over 27 years initially on a fixed rate of 3.74% (Ending on 14 January 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 54 monthly payments of £902.90 and 270 monthly payments of £1004.19.

    The total amount payable would be £320,215.76 made up of the loan amount plus interest (£135,906.76) 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

    ALL FIXED RATE MORTGAGES

    Holiday Let 2 Year Fixed Rate Mortgage 25% Deposit 3.49% Fixed
    3.49% 5.99% 5.7% APRC 75% £899 £99

    Key Features

    Fixed rate

    A fixed rate of 3.49% for the first 2 years (fixed until 14/06/2023). 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 5.7% APRC.

    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

    Who can apply and more information

    • Minimum income of main applicant is £25,000 (£40,000 if joint application).
    • Minimum property value of £75,000.
    • Minimum loan amount £50,000
    • Not available for first-time buyers or professional landlords.
    • Available for home purchase applications only.
    • This mortgage is not portable.

    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 3.49% (Ending on 14 June 2023) and then our Standard Variable Rate of 5.99% for the remaining term, would require 35 monthly payments of £535.13 and 289 monthly payments of £915.48.

    The total amount payable would be £468,428.87 made up of the loan amount plus interest (£283,320.87) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00. 

    The overall cost for comparison is 5.7% APRC representative.

    Call us today on 0800 378 669

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

    Holiday Let 2 Year Fixed Remortgage 25% Deposit 3.49% Fixed
    3.49% 5.99% 5.7% APRC 75% £899 £99

    Key Features

    Fixed rate

    A fixed rate of 3.49% for the first 2 years (fixed until 14/06/2023). 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 5.7% APRC.

    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
    • 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

    • Minimum income of main applicant is £25,000 (£40,000 if joint application).
    • Minimum property value of £75,000.
    • Minimum loan amount £50,000
    • Not available for first-time buyers or professional landlords.
    • Available for remortgage applications only.
    • This mortgage is not portable.

    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 3.49% (Ending on 14 June 2023) and then our Standard Variable Rate of 5.99% for the remaining term, would require 35 monthly payments of £535.13 and 289 monthly payments of £915.48.

    The total amount payable would be £468,428.87 made up of the loan amount plus interest (£283,320.87) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00. 

    The overall cost for comparison is 5.7% APRC representative.

    Call us today on 0800 378 669

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

    Holiday Let 5 Year Fixed Mortgage 25% Deposit 3.74% Fixed
    3.74% 5.99% 5.5% APRC 75% £899 £99

    Key Features

    Fixed rate

    A fixed rate of 3.74% for the first 5 years (fixed until 14/07/2025). 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 5.5% APRC.

    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

    Who can apply and more information

    • Minimum income of main applicant is £25,000 (£40,000 if joint application).
    • Minimum property value of £75,000.
    • Minimum loan amount £50,000
    • Not available for first-time buyers or professional landlords.
    • Available for home purchase applications only.
    • This mortgage is not portable.

    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 3.74% (Ending on 14 July 2025) and then our Standard Variable Rate of 5.99% for the remaining term, would require 60 monthly payments of £573.47 and 264 monthly payments of £914.97.

    The total amount payable would be £461,087.14 made up of the loan amount plus interest (£275,979.14) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00. 

    The overall cost for comparison is 5.5% APRC representative.

    Call us today on 0800 378 669

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

    Holiday Let 5 Year Fixed Rate Remortgage 25% Deposit 3.74% Fixed
    3.74% 5.99% 5.5% APRC 75% £899 £99

    Key Features

    Fixed rate

    A fixed rate of 3.74% for the first 5 years (fixed until 14/07/2025). 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 5.5% APRC.

    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
    • 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

    • Minimum income of main applicant is £25,000 (£40,000 if joint application).
    • Minimum property value of £75,000.
    • Minimum loan amount £50,000
    • Not available for first-time buyers or professional landlords.
    • Available for remortgage applications only.
    • This mortgage is not portable.

    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 3.74% (Ending on 14 July 2025) and then our Standard Variable Rate of 5.99% for the remaining term, would require 60 monthly payments of £573.47 and 264 monthly payments of £914.97.

    The total amount payable would be £461,087.14 made up of the loan amount plus interest (£275,979.14) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00. 

    The overall cost for comparison is 5.5% APRC representative.

    Call us today on 0800 378 669

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

    2 Year Fixed Rate Mortgage 20% Deposit 3.64% Fixed
    3.64% 4.89% 4.8% APRC 80% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.64% for the first 2 years (fixed until 14/07/2022). 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.

    Who can apply and more information

    • Available for home purchase applications only.

    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 3.64% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £892.75 and 300 monthly payments of £1013.67.

    The total amount payable would be £325,854.36 made up of the loan amount plus interest (£141,545.36) 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

    2 Year Fixed Rate Remortgage 20% Deposit 3.64% Fixed
    3.64% 4.89% 4.8% APRC 80% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.64% for the first 2 years (fixed until 14/07/2022). 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.

    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 3.64% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £892.75 and 300 monthly payments of £1013.67.

    The total amount payable would be £325,854.36 made up of the loan amount plus interest (£141,545.36) 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

    5 Year Fixed Rate Mortgage 20% Deposit 3.69% Fixed
    3.69% 4.89% 4.5% APRC 80% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.69% for the first 5 years (fixed until 14/06/2025). 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 4.5% 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.

    Who can apply and more information

    • Available for home purchase applications only.

    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 3.69% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £897.82 and 265 monthly payments of £1001.50.

    The total amount payable would be £318,696.49 made up of the loan amount plus interest (£134,387.49) 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 4.5% APRC representative.

    Call us today on 0800 378 669

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

    5 Year Fixed Rate Remortgage 20% Deposit 3.69% Fixed
    3.69% 4.89% 4.5% APRC 80% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.69% for the first 5 years (fixed until 14/06/2025). 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 4.5% 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.

    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 3.69% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £897.82 and 265 monthly payments of £1001.50.

    The total amount payable would be £318,696.49 made up of the loan amount plus interest (£134,387.49) 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 4.5% 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 Mortgage 20% Deposit 3.44% Fixed
    3.44% 4.89% 4.7% 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 4.89%, and remains on our variable rate terms for the rest of the mortgage.

    The overall cost for comparison is 4.7% 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 £184,000.00 over 27 years initially on a fixed rate of 3.44% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £872.64 and 300 monthly payments of £1012.38.

    The total amount payable would be £324,983.70 made up of the loan amount plus interest (£140,674.70) 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 4.7% 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% 4.89% 4.7% 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 4.89%, and remains on our variable rate terms for the rest of the mortgage.
     
    The overall cost for comparison is 4.7% 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 £184,000.00 over 27 years initially on a fixed rate of 3.44% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £872.64 and 300 monthly payments of £1012.38.

    The total amount payable would be £324,983.70 made up of the loan amount plus interest (£140,674.70) 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 4.7% 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% 4.89% 4.4% 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 4.89%, and remains on our variable rate terms for the rest of the mortgage.

    The overall cost for comparison is 4.4% 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 £184,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £877.65 and 265 monthly payments of £998.17.

    The total amount payable would be £316,623.00 made up of the loan amount plus interest (£132,314.00) 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 4.4% 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% 4.89% 4.4% 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 4.89%, and remains on our variable rate terms for the rest of the mortgage.

    The overall cost for comparison is 4.4% 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 £184,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £877.65 and 265 monthly payments of £998.17.

    The total amount payable would be £316,623.00 made up of the loan amount plus interest (£132,314.00) 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 4.4% APRC representative.

    Call us today on 0800 378 669

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

    2 Year Fixed Rate Mortgage 10% Deposit 3.89% Fixed
    3.89% 4.89% 4.8% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.89% for the first 2 years (fixed until 14/07/2022). 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.

    Who can apply and more information

    • Available for home purchase applications only.

    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 3.89% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £918.25 and 300 monthly payments of £1015.24.

    The total amount payable would be £326,938.62 made up of the loan amount plus interest (£142,629.62) 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

    2 Year Fixed Rate Remortgage 10% Deposit 3.89% Fixed
    3.89% 4.89% 4.8% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.89% for the first 2 years (fixed until 14/07/2022). 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.

    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 3.89% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £918.25 and 300 monthly payments of £1015.24.

    The total amount payable would be £326,938.62 made up of the loan amount plus interest (£142,629.62) 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

    5 Year Fixed Rate Mortgage 10% Deposit 3.94% Fixed
    3.94% 4.89% 4.6% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.94% for the first 5 years (fixed until 14/06/2025). 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 4.6% 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.

    Who can apply and more information

    • Available for home purchase applications only.

    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 3.94% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £923.39 and 265 monthly payments of £1005.56.

    The total amount payable would be £321,282.29 made up of the loan amount plus interest (£136,973.29) 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

    5 Year Fixed Rate Remortgage 10% Deposit 3.94% Fixed
    3.94% 4.89% 4.6% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.94% for the first 5 years (fixed until 14/06/2025). 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 4.6% 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.

    Who can apply and more information

    • Available for remortgage applications only.

    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 3.94% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £923.39 and 265 monthly payments of £1005.56.

    The total amount payable would be £321,282.29 made up of the loan amount plus interest (£136,973.29) 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, 2 Year Fixed Rate Mortgage 10% Deposit 3.69% Fixed
    3.69% 4.89% 4.8% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.69% for the first 2 years (fixed until 14/07/2022). 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 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 £184,000.00 over 27 years initially on a fixed rate of 3.69% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £897.82 and 300 monthly payments of £1013.99.

    The total amount payable would be £326,072.29 made up of the loan amount plus interest (£141,763.29) 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 Fixed Rate Remortgage 10% Deposit 3.69% Fixed
    3.69% 4.89% 4.8% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.69% for the first 2 years (fixed until 14/07/2022). 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.
    • £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 £184,000.00 over 27 years initially on a fixed rate of 3.69% (Ending on 14 July 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £897.82 and 300 monthly payments of £1013.99.

    The total amount payable would be £326,072.29 made up of the loan amount plus interest (£141,763.29) 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 Mortgage 10% Deposit 3.74% Fixed
    3.74% 4.89% 4.5% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.74% for the first 5 years (fixed until 14/06/2025). 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 4.5% 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 £184,000.00 over 27 years initially on a fixed rate of 3.74% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £902.90 and 265 monthly payments of £1002.32.

    The total amount payable would be £319,213.76 made up of the loan amount plus interest (£134,904.76) 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 4.5% 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 10% Deposit 3.74% Fixed
    3.74% 4.89% 4.5% APRC 90% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.74% for the first 5 years (fixed until 14/06/2025). 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 4.5% 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 £184,000.00 over 27 years initially on a fixed rate of 3.74% (Ending on 14 June 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £902.90 and 265 monthly payments of £1002.32.

    The total amount payable would be £319,213.76 made up of the loan amount plus interest (£134,904.76) 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 4.5% APRC representative.

    Call us today on 0800 378 669

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

    Newly Qualified Teacher Exclusive, 5 Year Fixed Rate Mortgage 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.
    • £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 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

    Newly Qualified Teacher Exclusive, 5 Year Fixed Rate Remortgage 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 Fixed Rate Mortgage 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 14/09/2022). 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 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 £184,000.00 over 27 years initially on a fixed rate of 4.44% (Ending on 14 September 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 26 monthly payments of £975.67 and 298 monthly payments of £1018.39.

    The total amount payable would be £329,179.04 made up of the loan amount plus interest (£144,870.04) 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 Fixed Rate Remortgage 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 14/09/2022). 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 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 4.44% (Ending on 14 September 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 26 monthly payments of £975.67 and 298 monthly payments of £1018.39.

    The total amount payable would be £329,179.04 made up of the loan amount plus interest (£144,870.04) 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 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.
    • £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 £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, 5 Year Fixed Rate Remortgage 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 5% Deposit 3.69% Fixed
    3.69% 4.89% 4.8% APRC 95% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.69% for the first 2 years (fixed until 14/03/2022). 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 £184,000.00 over 27 years initially on a fixed rate of 3.69% (Ending on 14 March 2022) and then our Standard Variable Rate of 4.89% for the remaining term, would require 20 monthly payments of £897.82 and 304 monthly payments of £1015.35.

    The total amount payable would be £326,950.41 made up of the loan amount plus interest (£142,641.41) 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 Mortgage 5% Deposit 3.74% Fixed
    3.74% 4.89% 4.6% APRC 95% N/A £199

    Key Features

    Fixed rate

    A fixed rate of 3.74% for the first 5 years (fixed until 14/01/2025). 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 4.6% 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 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 £184,000.00 over 27 years initially on a fixed rate of 3.74% (Ending on 14 January 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 54 monthly payments of £902.90 and 270 monthly payments of £1004.19.

    The total amount payable would be £320,215.76 made up of the loan amount plus interest (£135,906.76) 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

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