New deals from the Teachers

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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.”

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