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.”
