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Mortgage Advice for Supply Teachers

Contract & Supply Teacher Mortgages

It is often more difficult to secure a mortgage if you are working on a contract basis as many mortgage lenders will view your job as non-permanent. As a contract or supply teacher you are in safe hands with Teachers Building Society because we take into account your personal circumstances and assess mortgage applications on a case by case basis.

  • We understand teaching contracts and can lend to teachers working on a supply or fixed term basis
  • We can lend up to 5 times joint income (subject to affordability)
  • Only 2 academic terms' employment history are required in the area you wish to purchase
  • We will provide you with one point of contact to guide you through the mortgage process
  • Speak to a member of our friendly team to find out how we can help you, or to get an indication of how much you may be able to borrow

Your Mortgage Options

Fixed Rate Mortgages

With a fixed rate mortgage, the interest rate that you pay will stay the same throughout the deal period - which is typically between 2 and 5 years. With a fixed rate mortgage, you will have the security of knowing that your monthly payments won't change, even if interest rates rise. 

To see our range of fixed rate mortgages, please click here

Variable Rate Mortgages

With a variable rate mortgage, the interest rate that you pay can go up or down at any time throughout your deal period. Variable rate mortgages often offer lower interest rates than fixed rate mortgages, but do not offer the security of knowing exactly how much your monthly mortgage payments will be. 

To see our range of variable rate mortgages, please click here.

Help to Buy

We understand that providing a sizeable deposit makes it difficult for many people to buy their first home or move from an existing property. With a Help to Buy Equity Loan, the Government lends you up to 20% of the cost of a new build home, meaning you only need a 5% deposit and a smaller mortgage to make up the rest. 

To read more about Help to Buy, please click here.

Not sure?

For more information on the options available to you, give our friendly team a call now on 0800 378 669.

Let us help you save

Saving for a deposit?

Designed to help you save for a mortgage, our Teacher Home Saver ​is available exclusively to ​teachers and offers £​500 cashback if you take out a mortgage with Teachers Building Society. Click here to find out more.

Member of the National Education Union (NEU)? Click here to see our Union Home Saver, which offers an additional £100 cashback (£600 total) upon completion of a Teachers Building Society mortgage.

Make the most of your ISA allowance

An ISA is a tax-free account for your savings in which you can save up to £20,000 a year. We offer a wide range of competitive ISAs, including notice and easy access options. Click here to find out more.

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