| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Maximum LTV |
Arrangement Fee |
Application Fee |
|
| Teacher Exclusive, 2 Year Fixed Rate Mortgage 10% Deposit 3.59% Fixed |
|
| 3.59% |
4.89% |
4.7% APRC |
90% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.59% for the first 2 years (fixed until 14/07/2024). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% APRC.
What you Pay
Daily interest.
An application fee of £199 (non-refundable) is payable with the application.
A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback upon completion of your mortgage, if either or both applicants are NEU members.
Who can apply and more information
- Available for home purchase and remortgage applications.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £197,194.00 over 29 years initially on a fixed rate of 3.59% (Ending on 14 July 2024) and then our Standard Variable Rate of 4.89% for the remaining term, would require 33 monthly payments of £912.67 and 315 monthly payments of £1047.25.
The total amount payable would be £360,330.32 made up of the loan amount plus interest (£162,827.32) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.7% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 2 Year Variable Rate Mortgage 10% Deposit 2.99% Variable |
|
| 2.99% |
4.89% |
4.7% APRC |
90% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 2.99%, which is discounted by 1.90% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% APRC representative.
What you Pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback upon completion of your mortgage, if either or both applicants are NEU members.
Who can apply and more information
- Available for home purchase and remortgage applications.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £197,194.00 over 29 years initially on a discounted variable rate of 2.99% (equal to a 1.90% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £848.05 and 324 monthly payments of £1048.04.
The total amount payable would be £360,044.35 made up of the loan amount plus interest (£162,740.35) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.7% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 2 Year Variable Rate Remortgage 10% Deposit 2.99% Variable |
|
| 2.99% |
4.89% |
4.7% APRC |
90% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 2.99%, which is discounted by 1.90% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% APRC representative.
What you Pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
- £100 cashback upon completion of your mortgage, if either or both applicants are NEU members.
Who can apply and more information
- Available for home purchase and remortgage applications.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £197,194.00 over 29 years initially on a discounted variable rate of 2.99% (equal to a 1.90% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £848.05 and 324 monthly payments of £1048.04.
The total amount payable would be £360,044.35 made up of the loan amount plus interest (£162,740.35) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.7% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 5 Year Fixed Rate Mortgage 10% Deposit 3.64% Fixed |
|
| 3.64% |
4.89% |
4.5% APRC |
90% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.64% for the first 5 years (fixed until 14/11/2026). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.5% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback upon completion of your mortgage, if either or both applicants are NEU members.
Who can apply and more information
- Available for home purchase and remortgage applications.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £197,194.00 over 29 years initially on a fixed rate of 3.64% (Ending on 14 November 2026) and then our Standard Variable Rate of 4.89% for the remaining term, would require 57 monthly payments of £918.18 and 291 monthly payments of £1038.68.
The total amount payable would be £354,920.87 made up of the loan amount plus interest (£157,417.87) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.5% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 2 Year Fixed Rate Mortgage 5% Deposit 3.75% Fixed |
|
| 3.75% |
4.89% |
4.7% APRC |
95% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.75% for the first 2 years (fixed until 14/08/2024). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback upon completion of your mortgage, if either or both applicants are NEU members.
Who can apply and more information
- Available for home purchase applications only.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £197,194.00 over 29 years initially on a fixed rate of 3.75% (Ending on 14 August 2024) and then our Standard Variable Rate of 4.89% for the remaining term, would require 33 monthly payments of £931.83 and 314 monthly payments of £1050.13.
The total amount payable would be £361,210.94 made up of the loan amount plus interest (£163,906.94) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.7% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 2 Year Variable Rate Mortgage 5% Deposit 3.35% Variable |
|
| 3.35% |
4.89% |
4.8% APRC |
95% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 3.35%, which is discounted by 1.54% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.8% APRC representative.
What you Pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback upon completion of your mortgage, if either or both applicants are NEU members.
Who can apply and more information
- Available for home purchase applications only.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £197,194.00 over 29 years initially on a discounted variable rate of 3.35% (equal to a 1.54% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 23 monthly payments of £888.03 and 324 monthly payments of £1052.59.
The total amount payable would be £362,118.35 made up of the loan amount plus interest (£164,814.35) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, Shared Ownership, 2 Year Variable Rate Mortgage 5% Deposit 3.50% Variable |
|
| 3.50% |
4.89% |
4.8% APRC |
95% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 3.50%, which is discounted by 1.39% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.8% APRC representative.
What you Pay
Daily interest.
A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback upon completion of your mortgage, if either or both applicants are NEU members.
Who can apply and more information
- Available for Shared Ownership home purchase and remortgage applications.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £197,194.00 over 29 years initially on a discounted variable rate of 3.50% (equal to a 1.39% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £902.82 and 324 monthly payments of £1051.71.
The total amount payable would be £362,550.68 made up of the loan amount plus interest (£165,246.68) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|