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New Teacher Contract Mortgage from Teachers Building Society

Apr 09, 2015

Teachers Building Society has launched a new Teacher Contract Mortgage aimed at teachers and education professionals working on a contractual basis.

The mortgage is available for educational professionals who have held a teaching position in the education sector for at least 12 months, and have at least 6 months remaining on their contract.

James Bawa, chief executive of Teachers Building Society, said: "As part of our commitment to providing mortgages to cover the life-cycle of education professionals, we have launched this contract mortgage to help these people move onto the property ladder - or indeed move further along towards their dream home.

"With an increasing number of teaching professionals becoming employed on a contractual basis, we are delighted to be able to provide this specialist product to meet their needs."

Colin Dorman, national account manager for Teachers Building Society, said: "This new teacher contract mortgage, available for main or sole applicants, is a great opportunity for those working on a contractual basis to be able to purchase or remortgage their home.

"With specialist products like this, as well as our own in-house underwriters and assessment of cases on an individual basis, we can really work to the best of our ability to help intermediaries secure mortgages for teaching professionals working within a temporary or fixed term contract."

Mortgages from Teachers Building Society are available to teachers and education professionals in England and Wales.

To find out more about the range of mortgages available at Teachers Building Society, call 0800 378 669.