New shared ownership deal from the Teachers

Published on

The Teachers Building Society has unveiled a new 4.29% three-year fixed rate shared ownership mortgage.

The deal, available to teachers and education professionals in England and Wales as well as residents of Dorset, Hampshire and Wiltshire, is available up to 95% LTV.

Details are as follows:

  • Three-year fixed rate of 4.29% then changing to the Teachers’ SVR, which currently stands at 4.74%, for the remainder of term
  • No arrangement fee and £99 application fee
  • Overall cost for comparison is 4.7% APRC
  • Available for purchase and remortgage

Andy Yates, business development manager at Teachers Building Society, said: “The shared ownership scheme provides an affordable way for people to step onto the property ladder, especially first-time buyers in a market where house prices continue to rise and finances are squeezed.

“This new fixed rate mortgage is designed to meet the needs of buyers seeking the reassurance of fixed payments  – this, along with our ability to lend up to 95% LTV of the share purchase and with no arrangement fee, provides an extra helping hand for those looking to purchase their own home via this scheme.”

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

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...