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Teachers Building Society launches mortgage intermediary channel

May 27, 2011

Dorset-based Teachers Building Society, the mutual specialising in providing mortgages for people working in education, has announced a return to the mortgage intermediary market.

Teachers has provided a direct-only mortgage service for the last decade but has decided to broaden its reach by working with Mortgage Intelligence, one of the UK’s leading intermediary networks.

Alan Gravett, head of sales and marketing, says, “We want to be the first port of call for teachers looking for a mortgage, but realise that many people value the face-to-face service provided by intermediaries. We are delighted to be working with Mortgage Intelligence for our launch into the mortgage intermediary channel.  Teachers Building Society has been providing mortgages to teachers for nearly 50 years and we are confident that our expertise in this market combined with our range of products and truly personal service will be a valuable support to mortgage intermediaries.”

Teachers Building Society is a financially strong mutual and reported a 27% increase in pre-tax profit for 2010. Consequently, the Society is looking to grow its mortgage customer base and the intermediary launch is part of this strategy with a second intermediary network planned for later this summer.

The Society’s residential, Buy-to-Let and HomeBuy Direct mortgages are among the products that will be available via intermediaries. Teachers Building Society operates bespoke underwriting, assessing each case on its own merits.