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.