The Teachers Building Society has unveiled two new fixed rate mortgages.
The mortgages, available for teachers and local residents, include a new Help To Buy fixed rate and a 95% LTV mortgage, both available for purchase and remortgage.
The deals are as follows:
- Three-year fixed rate at 3.99% then changing to the Teachers’ standard variable rate (SVR) which currently stands at 4.74% for the remainder of term
- Overall cost for comparison is 4.7% APR
- Available for loans up to 95% loan to value
- Arrangement fee of £899 and application fee £99
- Three-year fixed rate at 2.59% then changing to the SVR
- Overall cost for comparison is 4.3% APR
- Available for loans up to 75% LTV
- No arrangement fee, £99 application fee
Andy Yates, business development manager at Teachers Building Society, said: “In the current climate with the possibility of fluctuating interest rates these mortgages are designed to meet the needs of those seeking the reassurance of a fixed rate.
“These products also support our dedication to helping first-time buyers get onto the property ladder – a 95% mortgage and a Help to Buy product which provide a set monthly mortgage payment over the next three years.”
