The Teachers Building Society has unveiled new Help to Buy and shared ownership fixed rate mortgages.

It is offering a shared ownership rate of 4.99% for 95% LTV, fixed for three 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 the 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.”

Vikki Jefferies, mortgage proposition manager at Personal Touch Financial Services, added: “Yet again, great to see further innovation from Teachers with new products which will fill important gaps in the market and support the acceleration of government scheme take-ups, especially amongst first time buyers. Our advisers and their clients will no doubt have a really positive appetite for these really attractive new deals.”