The Teachers Building Society has launched four new purchase and remortgage products, including a 2.69% three-year discounted variable mortgage available up to 85% LTV.
Mortgages from the Teachers are available to teachers and education professionals in England and Wales and also to people of any profession in Dorset, Hampshire and Wiltshire.
3 Year Discounted Variable Rate (119):
- 3 Year Discounted Variable Rate of 2.69% then changing to the Teachers’ Standard Variable Rate (SVR), which currently stands at 4.99% for the remainder of term
- Overall cost for comparison is 4.7% APR
- Available for loans up to 85% Loan to Value
- Fixed until 14 September 2018
- Available for purchase and remortgage
3 Year Fixed Rate (118):
- 3 Year Fixed Rate of 2.79% then changing to the SVR for the remainder of term
- Overall cost for comparison is 4.6% APR
- Available for loans up to 80% Loan to Value
- Fixed until 14 September 2018
- Available for purchase and remortgage
Help to Buy 3 Year Fixed Rate:
- 3 Year Fixed Rate of 2.79% then changing to the SVR for the remainder of term
- Overall cost for comparison is 4.9% APR
- Available for loans up to 75% Loan to Value
- Fixed until 14 September 2018
- Available for purchase and remortgage
3 Year Fixed Rate (120):
- 3 Year Fixed Rate of 5.09% then changing to the SVR for the remainder of term
- Overall cost for comparison is 5.2% APR
- Available for loans up to 90% Loan to Value
- Fixed until 14 September 2018
- Available for purchase and remortgage
James Bawa (pictured), chief executive of Teachers Building Society, said: “We have launched a range of competitive mortgages available for purchase and remortgage including three fixed rate mortgages which are designed to meet the needs of buyers seeking the reassurance of a fixed rate deal.
“We are on the cusp of the busy school summer break, traditionally a time when a large number of teachers, including those newly qualified will be buying a new home. Our new 90% fixed rate mortgage is designed to ensure we have both fixed and variable rate deals available at all LTV’s, including those aimed at people able to put down only a small deposit. We are committed to offering a range of good value products to teachers in England and Wales, as well as local residents, and these new products are all part of that process.”