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New Intermediary Exclusive Mortgages from Teachers Building Society

Dec 04, 2014

Teachers Building Society has introduced two new intermediary exclusive mortgages in the run up to Christmas – a home purchase mortgage with a fixed rate of 2.30% and remortgage product with a fixed rate of 2.60%. 

Intermediary Exclusive Home Purchase Mortgage:

  • Fixed rate of 2.30% until 14th March 2017 followed by our standard variable rate (currently 4.99%). Overall cost for comparison is 4.6%
  • £99 application fee and £899 arrangement fee
  • Available on loans up to 80% LTV
  • Early Repayment Charge of 3% applies for the duration of the product term 

Intermediary Exclusive Remortgage:

  • Fixed rate of 2.60% until 14th March 2017 followed by our standard variable rate (currently 4.99%). Overall cost for comparison is 4.6%
  • No booking or arrangement fees
  • Available on loans up to 80% LTV
  • Early Repayment Charge of 3% applies for the duration of the product term

Colin Dorman, National Account Manager at Teachers Building Society said: “We are delighted to roll out these two competitive fixed rate products exclusively available to our valued intermediary partners. These products represent the start of some exciting mortgage product innovation in the pipeline to support the teaching community and our local area.”

The Society has been providing mortgages to teachers and education professionals for nearly 50 years and now also lends to local residents living in Dorset, Hampshire and Wiltshire too. The Society’s range of products includes mortgages for first time buyers, home movers and those looking to remortgage. 

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.