Skip to main content

Teachers Building Society Lowers Rates on Fixed Rate Mortgages

May 11, 2017


Teachers Building Society has made some changes to its fixed rate mortgage range including lowering the rates on a number of mortgages and launching a new 3 year fixed rate mortgage.

The reduced fixed rates, available for teachers and local residents, include a 2 year fixed mortgage and remortgage and two 3 year fixed rate mortgages, all available at 80% or 85% LTV. The rate reductions are up to 0.40%.

Andy Yates, Business Development Manager at Teachers Building Society, said: “We are pleased to have made reductions to a range of our rates to reflect the current marketplace and provide borrowers with a range of mortgage options. Fixed rates meet the needs of many who seek the reassurance of fixed monthly payments and at Teachers we now have a good range of three year fixed rates for borrowers, as well as a teacher-special 5 year fixed rate which we have also re-launched for teachers this year.”

All the mortgages have an £899 arrangement fee and £99 application fee; the remortgage has no arrangement fee and an application fee of £99. 

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