The Teachers Building Society has reduced its 95% LTV two-year variable rate to 5.29%.
It has also lowered the rate on its No Early Repayment Charge, two-year discounted variable product to 2.19%.
The 95% LTV product has no arrangement fee and is available for both home purchase and remortgage applications. The No ERC product is also available for both home purchase and remortgage cases and comes with an arrangement fee of £899. Remortgage incentives apply to both products (free legal fees and refunded valuation).
Colin Dorman, national account manager at Teachers Building Society, said: “We’re working hard to offer the best rates we possibly can and our 95% product has seen a huge reduction, to the tune of 50 basis points.
“We continue to enhance our proposition for intermediaries and with our excellent service, 97% of intermediaries currently rate us as good or excellent.”
Sally Laker, managing director of Mortgage Intelligence Holdings, added: “We are delighted to be working with Teachers Building Society to offer our members these exciting recently re-priced rates. Competitively priced products alongside a flexible underwriting approach is a strong proposition for our advisers.”
