07 December 2015

Teachers Building Society launches new Help to Buy and Shared Ownership Fixed Rates

Teachers Building Society has launched new Help to Buy and Shared Ownership Fixed Rate mortgages, offering a Shared Ownership rate of 4.99% for 95% LTV, fixed for 3 years and available for purchase and remortgage.

Mortgages from Teachers Building Society are available to teachers anywhere in the UK as well as individuals of any profession looking to buy in Dorset, Hampshire and Wiltshire.

Andy Yates, Business Development Manager at Teachers Building Society, said: “Helping teachers and local residents step onto and move up the property ladder remains our top priority, so it’s important that we work hard to ensure we meet their needs. This means supporting Government schemes, making our rates as competitive as possible and providing fixed rate products for those customers seeking the security of a set payment plan.

“We are still one of only a few lenders who will consider a Help To Buy and Shared Ownership remortgage applications, team this with our ability to lend up to five times income, and it means we are in a good position to help people with their aspirations of buying their own home.”

Help to Buy Fixed Rate Mortgage

.     Available for home purchase and remortgage

.     Fixed rate of 3.19% until 14th January 2019. It then changes to our standard variable rate, currently 4.99%, for the remainder of the term

.     Overall cost for comparison is 4.6% APR

.     Available for loans up to 75% LTV

.     Free arrangement fee and £99 application fee

.     Early Repayment Charge (ERC) applicable

.     Remortgage package includes free valuation and £250 towards legal costs

Shared Ownership Fixed Rate Mortgage

.     Available for loans up to 95% LTV

.     Available for home purchase and remortgage

.     Fixed rate of 4.99% until 14th January 2019. It then changes to our standard variable rate, currently 4.99%, for the remainder of the term

.     Overall cost for comparison is 5.1% APR

.     £99 application fee

.     Early Repayment Charge (ERC) applicable

.     Remortgage package includes free valuation and £250 towards legal costs

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