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.
The mortgage, which requires a deposit of 5% of the purchase price is available both direct from Teachers Building Society as well as though its network of intermediaries.
The 2 year discounted variable rate deal has a £99 application fee and there is a £1999 arrangement fee.
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 mortgage products available at Teachers Building Society, call the friendly team on 0800 378 669, visit the mortgage pages or ask your financial advisor.