Teacher remortgaging | Teachers Building Society

Representative example

Please note this is a representative example based on the mortgages in the tables above. To see a representative example specific to a single product please click the black 'details' button next to the mortgage in the table. When you apply for a mortgage you will be provided with details of how the specific mortgage deal you are interested in applies to your personal circumstances.

A mortgage of £202,047.00 over 26 years initially on a fixed rate of 5.49% (Ending on 14 March 2028) and then our Standard Variable Rate, currently 8.44%, for the remaining term, would require 36 monthly payments of £1217.41 and 276 monthly payments of £1561.62.

The total amount payable would be £474,974.41 made up of the loan amount plus interest (£272,817.41) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.

The overall cost for comparison is 7.8% APRC representative.

Please note: the representative example is for a house purchase only. For remortgage applications, certain fees do not apply. Please contact us for details.

This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate European Standardised Information Sheet before you make a decision. For full details, please call our friendly team on 0800 378 669.

Remortgages for teachers

Remortgages for teachers

Variable rate remortgages

Fixed rate remortgages

Existing Customers

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Deposit %	Term	Initial interest rate	Follow on rate	Overall cost for comparison	Max LTV	Arrangement fee	Application fee
10%	2 years	5.64%	8.44% after 2 years	8.2% APRC	90.0%	£0.00	£0.00	Details
20%	2 years	4.49%	8.44% after 2 years	7.9% APRC	80.0%	£0.00	£0.00	Details

Deposit %	Term	Initial interest rate	Follow on rate	Overall cost for comparison	Max LTV	Arrangement fee	Application fee
5%	5 years	5.19%	8.44% after 5 years	7.3% APRC	95.0%	£0.00	£0.00	Details
5%	2 years	5.49%	8.44% after 2 years	7.9% APRC	95.0%	£0.00	£0.00	Details
10%	3 years	5.19%	8.44% after 3 years	7.8% APRC	90.0%	£0.00	£0.00	Details
10%	2 years	5.19%	8.44% after 2 years	7.9% APRC	90.0%	£0.00	£0.00	Details
10%	5 years	4.79%	8.44% after 5 years	7.1% APRC	90.0%	£0.00	£0.00	Details
20%	5 years	4.69%	8.44% after 5 years	7.0% APRC	80.0%	£0.00	£0.00	Details