TMA Club has announced the addition of the Teacher’s Building Society to its lender panel.
The Teacher’s Building Society specialises in solutions for education professionals, as well as catering for the mass affluent market for all professions, not just teachers.
TMA members will have immediate access to the lender’s suite of teacher-tailored products, including solutions for newly qualified teachers right through to those in retirement.
These products offer borrowers up to five times joint income with the choice of fixed or variable rates and include LTVs of up to 95%. Available to those in the education sector throughout England and Wales.
Customers can move into their new home two months before starting their new teaching post, while there is 100 cashback for National Education Union (NEU) members upon completion.
The Teacher’s also supports the shared ownership and Help to Buy schemes.
TMA’s members will also have access to mortgage solutions for the mass affluent market under their complex range, including buy-to-let customers – available for borrowers in any profession. Advisers will be able to take advantage of lending on complex cases with a maximum loan size of £1.5 million on LTVs up to 80%.
Rob McCoy, senior product & business manager at TMA, said: “Welcoming Teacher’s Building Society to our expanding lender panel reiterates our ambition to cater for an increasingly diverse pool of borrowers. We want to ensure that all of our advisers can offer the perfect mortgage solution no matter the background or profession of their client.
“Choice and flexibility are absolutely paramount to any mortgage club and at TMA we will continue to expand our panel with quality lenders to keep up with the evolving market and customer types.”
Paul Marsden, finance director at Teacher’s Building Society, added: “By working with TMA we are confident that more customers can make their homeownership dreams a reality. Coupling TMA’s commitment to equipping its advisers with the best tools in the business with our ‘no one size fits all’ approach to lending, means we will work together to boost TMA’s market-leading proposition further and provide more solutions to both advisers and their clients.”
