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Teachers Building Society Launches Competitive New Mortgage Deals

Jul 20, 2015

Teachers Building Society has launched four new competitive purchase and remortgage products  including a 2.69% 3 year discounted variable mortgage available up to 85% LTV.

James Bawa, chief executive of Teachers Building Society, said: “We have launched a range of competitive mortgages available for purchase and remortgage including three fixed rate mortgages which are designed to meet the needs of buyers seeking the reassurance of a fixed rate deal.

“We are on the cusp of the busy school summer break, traditionally a time when a large number of teachers, including those newly qualified will be buying a new home. Our new 90% fixed rate mortgage is designed to ensure we have both fixed and variable rate deals available at all LTV’s, including those aimed at people able to put down only a small deposit. We are committed to offering a range of good value products to teachers in England and Wales, as well as local residents, and these new products are all part of that process.”

3 Year Discounted Variable Rate (119):

  • 3 Year Discounted Variable Rate of 2.69% then changing to our Standard Variable Rate (SVR), which currently stands at 4.99% for the remainder of term
  • Overall cost for comparison is 4.7% APR
  • Available for loans up to 85% Loan to Value
  • Fixed until 14 September 2018
  • Available for purchase and remortgage

     

    3 Year Fixed Rate (118):

  • 3 Year Fixed Rate of 2.79% then changing to our Standard Variable Rate (SVR), which currently stands at 4.99% for the remainder of term
  • Overall cost for comparison is 4.6% APR
  • Available for loans up to 80% Loan to Value
  • Fixed until 14 September 2018
  • Available for purchase and remortgage

     

    Help to Buy 3 Year Fixed Rate:

  • 3 Year Fixed Rate of 2.79% then changing to our Standard Variable Rate (SVR), which currently stands at 4.99% for the remainder of term
  • Overall cost for comparison is 4.9% APR
  • Available for loans up to 75% Loan to Value
  • Fixed until 14 September 2018
  • Available for purchase and remortgage

       3 Year Fixed Rate (120):

  • 3 Year Fixed Rate of 5.09% then changing to our Standard Variable Rate (SVR), which currently stands at 4.99% for the remainder of term
  • Overall cost for comparison is 5.2% APR
  • Available for loans up to 90% Loan to Value
  • Fixed until 14 September 2018
  • Available for purchase and remortgage

Mortgages from Teachers Building Society are available to teachers and education professionals in England and Wales and also to people of any profession in Dorset, Hampshire and Wiltshire.

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

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