New deals from the Teachers

Published on

The Teachers Building Society has made changes to its range of mortgage products including reducing some of its rates to 1.79%.

The changes include issuing a new two-year discounted variable rate at 1.79% for mortgages up to 80% LTV, and a intermediary exclusive 2.30% two-year fixed rate.

The new deals are as follows:

1.79% two-year discounted variable rate

  • Available for home purchase and remortgage
  • Overall cost for comparison is 4.6% APR
  • Available for loans up to 80% LTV
  • Early Repayment Charge (ERC) applicable
  • £899 application fee and £99 arrangement fee payable
  • Remortgage package include free valuation and £250 towards legal costs

Intermediary exclusive 2.30% fixed rate

  • Available for home purchase and remortgage
  • Overall cost for comparison is 4.6% APR
  • Available for loans up to 80% LTV
  • Early Repayment Charge (ERC) applicable
  • £899 arrangement fee and £99 application fee
  • Remortgage package includes free valuation and £250 towards legal costs

95% LTV 3.99% discounted variable rate

  • Available for home purchase and remortgage
  • Overall cost for comparison is 4.9% APR
  • Available for loans up to 95% LTV
  • £899 arrangement fee and £99 application fee
  • Early Repayment Charge (ERC) applicable
  • Remortgage package includes free valuation and £250 towards legal costs

Andy Yates, business development manager at Teachers Building Society, said: “We’re delighted to be reducing some of our rates and introducing some competitive fixed rate products, including a 2.30% intermediary exclusive.

“We work hard to ensure our products meet the need or intermediaries and customers alike and are constantly amending our range to ensure this is the case.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...

Other news

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...