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Newly Qualified Teacher Mortgages

Get onto the property ladder with an NQT mortgage

As a newly qualified teacher it is likely that you will be looking to be your first home at some point, and that is where TBS are perfectly placed to help you. As an expert mortgage lender to teachers, we understand the range of different employment circumstances of NQTs and offer a flexible approach to criteria.

  • We can lend to NQTs two months before the start of a first post
  • You could move into your new home before you even begin your very first teaching job
  • We offer mortgages to buyers with as little as a 10% deposit
  • The standard 12-month first post is considered equal to a permanent position
  • No employment history or previous pay slips necessary
  • We are the only building society endorsed by the NEU

Specialist Mortgages for NQTs

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.

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

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.

Savings for teachers

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. . 

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