Experienced teacher buying a first home?

Need To Know
  • New savings rates from 1 July 2022

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

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 3.29% 5.29%
after 2 years
5.1% APRC 95.0% £0.00 £0.00
10% 2 years 2.99% 5.29%
after 2 years
5.0% APRC 90.0% £0.00 £0.00
20% 2 years 2.69% 5.29%
after 2 years
5.0% APRC 80.0% £0.00 £0.00

Fixed rate mortgages

Deposit % Term Initial interest rate Follow on
rate
Overall cost for
comparison
Max LTV Arrangement
fee
Application
fee
10% 5 years 3.69% 5.29%
after 5 years
4.8% APRC 90.0% £0.00 £199.00
5% 5 years 3.99% 5.29%
after 5 years
4.9% APRC 95.0% £0.00 £199.00
10% 2 years 3.69% 5.29%
after 2 years
5.0% APRC 90.0% £0.00 £199.00
20% 5 years 3.39% 5.29%
after 5 years
4.7% APRC 80.0% £0.00 £199.00

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 3.90% 5.29%
after 2 years
5.2% APRC 95.0% £0.00 £0.00

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.

Questions and applications

Whether its a question or a full application our advisors are
ready to help. 

Arrange an initial appointment