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New reduced fixed rate mortgage deals from Teachers Building Society

Jun 27, 2011

Teachers Building Society has announced today that it has reduced the rates on most of its fixed rate mortgage range by up to 0.95%.

The Society’s 3 and 5 year deals, up to 85% LTV, have been reduced as well as mortgage products for shared ownership and HomeBuy Direct.

Alan Gravett, Head of Sales & Marketing at Teachers Building Society, said: "We strive to offer the best rates we possibly can to borrowers and savers and these new fixed rate deals provide good value for money for customers looking to fix their monthly payments in the medium term.

“We’re committed to helping teachers onto the property ladder and as such have mortgage deals available requiring just a 10% deposit, as well as competitive mortgages deals for teachers buying through the Government’s HomeBuy schemes. We offer a truly personal service and this is reflected in our customer surveys which show that 96% of our members who replied rate our service as good or excellent."

Product details:

  • 3 year fixed rate deal now 4.09%
  • Then switching to our Standard Variable Rate currently 4.99%
  • Overall cost for comparison is 4.9% APR
  • Product arrangement fee of £799
  • Early repayment charges apply during the fixed rate period
  • Maximum 75% Loan to Value ratio
  • A valuation fee is payable

 

  • 5 year fixed rate deal now 4.79%
  • Then switching to our Standard Variable Rate currently 4.99%
  • Overall cost for comparison is 5.1% APR
  • Product arrangement fee of £799
  • Early repayment charges apply during the fixed rate period
  • Maximum 75% Loan to Value ratio
  • A valuation fee is payable

Mortgages from Teachers Building Society are available to teachers and education professionals as well as people residing in the Society’s local BH and DT postal areas.

To find out more about mortgages from Teachers Building Society, call 0800 378 669 or click here.