Teachers Building Society is offering a new range of mortgage products for first time buyers, including fixed and discounted variable rate deals for up to 90% LTV.
Up to 90% LTV, there is now a three-year fixed rate deal with a rate of 4.69% and a two-year discounted variable rate deal with a rate of 4.49%.
These products have an arrangement fee of £899 and an application fee of £99.
Additional fixed rate deals are available for loans up to 75% LTV and 85% LTV, and the mutual has also cut rates on its two and three-year discounted variable rate products for up to 75% LTV.
The new products will be on offer through Teachers’ broker partners and direct to its mortgage market of education professionals and Dorset residents.
“We are very pleased to be launching new fixed rate products at 90%, which demonstrates our commitment to helping first-time buyers,” said Alan Gravett, head of sales and marketing at Teachers Building Society.
“We do not operate dual pricing, so these deals are available both via intermediaries and direct. Intermediaries have made a significant contribution to our new lending business since we re-entered the broker market last year and we are working hard to provide an excellent level of service alongside competitive products.”