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Teachers Building Society Launches new 95% Mortgage

Oct 27, 2014

Teachers Building Society has introduced a new 95% Loan-to-Value (LTV) mortgage available exclusively to NUT Members buying their first home – ideal for Newly Qualified Teachers. 95% Mortgage for NUT Members:

• Discounted variable rate for 2 years at 4.89% followed by our Standard Variable Rate (currently 4.99%). Overall cost for comparison is 5.2%
• £99 application fee and £1999 arrangement fee
• Available for first time purchases only

James Bawa, Chief Executive of Teachers Building Society said: “We are delighted to be able to offer this competitive 95% LTV mortgage to NUT members. We were founded to help teachers buy their first home, so it’s only right that we provide products that do just this. We are endorsed by the NUT and the partnership with the union enables us to understand the issues facing the teaching community and tailor products to meet their needs.”

The Society has been providing mortgages to teachers and education professionals for nearly 50 years and the product range includes deals for people remortgaging and moving home as well as first-time buyers.  

To find out more about the range of mortgages available at Teachers’ Building Society, call the broker support team on 0800 378 669 or visit the website www.teachersbs.co.uk/intermediary.

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