1. Select another mortgage product for the next few years – we’ve got a selection of mortgage products you can choose from.
Keen to stick with us? Here’s what to do:
Read the mortgage illustration we’ll give you for any products you are interested in (a breakdown of what your monthly costs would be plus the total amount repayable). Confirm which product you’d like. Sign the relevant paperwork. Get back to enjoying your home (or marking homework).
2. You could also chose to do nothing, in which case your new mortgage rate will be our ‘Standard Variable Rate’. But we need you to know that in the long term you could save money by taking a new deal, so please do chat things through with us.
3. Your final option is to say goodbye to Teachers and take a mortgage with another lender. As with all financial decisions it’s important to do your research well. We’re happy to provide details of our products so you can shop around and make a well informed decision that’s right for you and your needs.
To switch to a new deal you need to be up to date with your mortgage repayments. Please note: Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage. Terms and conditions apply. Mortgages are subject
to underwriting and criteria.
Please contact us for full details.