Mortgages for experienced teachers
PLEASE NOTE: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Being an experienced teacher and being a first time buyer aren’t mutually exclusive.
We know that saving up a deposit to buy a home can take several years, making you an experienced teacher but an inexperienced home buyer.
Whether you’ve been teaching 12 months or 12 years we’re equally as passionate about helping you own a home of your own.
We offer range of fixed (the interest rate remains the same) and variable (the interest rate can change) mortgage options for teachers with deposits of 5% or more of the value of the home they’re purchasing.
We don't stop there. For teacher first time buyers we pledge to:
1. Offer mortgages for up to 5 times joint salary (subject to affordability)
2. Offer mortgages with just a 5% deposit
3. Save our best (lowest) rates exclusively for teachers
4. Provide ‘fee free’ mortgage options
5. Offer mortgages to supply and contract teachers
6. Take teacher pay grades into account
Filter:
Variable rate mortgages
| Deposit % | Term | Initial interest rate |
Follow on rate |
Overall cost for comparison |
Max LTV |
Arrangement fee |
Application fee |
|
|---|---|---|---|---|---|---|---|---|
| 5% | 2 years | 6.39% |
8.79% |
8.6% APRC | 95.0% | £0.00 | £0.00 | Details |
| 10% | 2 years | 5.99% |
8.79% |
8.5% APRC | 90.0% | £0.00 | £0.00 | Details |
| 20% | 2 years | 5.74% |
8.79% |
8.5% APRC | 80.0% | £0.00 | £0.00 | Details |
Fixed rate mortgages
| Deposit % | Term | Initial interest rate |
Follow on rate |
Overall cost for comparison |
Max LTV |
Arrangement fee |
Application fee |
|
|---|---|---|---|---|---|---|---|---|
| 5% | 5 years | 5.74% |
8.79% |
7.7% APRC | 95.0% | £0.00 | £0.00 | Details |
| 5% | 2 years | 6.39% |
8.79% |
8.4% APRC | 95.0% | £0.00 | £0.00 | Details |
| 10% | 2 years | 5.99% |
8.79% |
8.3% APRC | 90.0% | £0.00 | £0.00 | Details |
| 10% | 5 years | 5.34% |
8.79% |
7.5% APRC | 90.0% | £0.00 | £0.00 | Details |
| 20% | 5 years | 5.24% |
8.79% |
7.5% APRC | 80.0% | £0.00 | £0.00 | Details |
| 20% | 2 years | 5.74% |
8.79% |
8.3% APRC | 80.0% | £0.00 | £0.00 | Details |
Shared ownership variable rate
| Deposit % | Term | Initial interest rate |
Follow on rate |
Overall cost for comparison |
Max LTV |
Arrangement fee |
Application fee |
|
|---|---|---|---|---|---|---|---|---|
| 5% | 2 years | 7.40% |
8.79% |
8.8% APRC | 95.0% | £0.00 | £0.00 | Details |
Feeling fact-less?
Our buyers club is full of information and guides about the home buying process
Buy one help one
When you take a mortgage with us, we donate £100 to Education Support
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.