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Retirement Mortgages & Savings

Mortgage Lending Into Retirement

As the only building society founded to support teachers, we have developed a wide range of mortgage options to support you throughout each stage of your teaching career. Although many of the larger lenders won't consider later years lending beyond the age of 70, we can consider lending to you up to the age of 83 - even if you're already retired.

  • We will offer you the same standard mortgage options as any other borrower, up to 70% Loan-to-Value
  • We can consider lending to you over a term of up to 40 years, so long as you do not exceed the age of 83 at the end of the term
  • We can consider lending to you to make home improvements, consolidate debts or gift a deposit to a family member 
  • You will be provided with one expert mortgage advisor to guide you through the entire mortgage process 

Retirement Mortgages

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.

Not sure?

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

Sheena ​Remortgaged ​For Home Improvements

After retiring from her teaching career, Sheena was keen to carry out some work on her home: “I’d moved back from Ireland to my house in West Yorkshire, but it desperately needed things doing to it and I just didn’t have the cash." Fast forwarding to the present day, Sheena has been able to update her house and couldn’t be happier with how easy the mortgage process was​.

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Jan Mortgaged Into Her Retirement

Jan was faced with a number of significant changes and found herself exploring the daunting prospect of taking out a large mortgage at the age of 50. In her own words: "Faced with divorce, university fees for two bright sons and a property move, ​I needed help. Enter Teachers Building Society!"

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Retirement Savings Options

By saving with us, you'll not only benefit from an attractive rate of interest and excellent customer service, but will directly help other teachers to get onto the property ladder. Remember, by opening a savings account with us, you will also have access to our suite of member benefits which include referral rewards and free prize draws. 

To help you get the best return on your savings, we offer a wide range of competitive options:

Fixed Rate Bonds

With a fixed rate bond, your money will be ​tied up for a set amount of time and, in return, you will benefit from a higher rate of interest. We often have 1 and 2 year options available.


We often offer several different types of ISA to meet your needs - including an easy access, notice and fixed rate option. 

Click here to see our range of ISAs.

Easy Access Savings

A great companion for your current account, easy access accounts require no notice to withdraw your money and allow unlimited withdrawals.

Click here to see our Easy Saver.

Compare Savings Accounts

​For details of all of our available savings accounts and to find the account that's right for you, use our savings comparison tool.

Click here to compare savings

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