The Teachers Building Society has unveiled a new fee-free Help to Buy remortgage which provides £400 cashback to cover legal and admin fees.
The three-year fixed rate remortgage at 2.99% has no arrangement fee.
Andy Yates, business development manager at Teachers Building Society, said: “We already offer a range of Help to Buy Mortgages available for remortgage to provide people with a choice to stay within the scheme, however this remortgage provides homeowners not only with a reassuring fixed rate but cash back to help cover some costs incurred in the remortgage process.
“This mortgage is available to education professionals in England and Wales as well as local residents in Dorset, Hampshire and Wiltshire. Teachers who are members of the NUT can also get an additional £100 cash back and we can help teachers working on contracts, including NQTs and supply teachers – so a combination of our lending criteria and products means we can provide rounded support to teachers who are looking to stay within the Help To Buy Scheme.”