First time buyer teacher mortgages

Need To Know
  • New savings rates from 1 July 2022

Mortgages for teacher first time buyers

Helping teacher first time buyers with small deposits take their first steps as home owners has been our mission since the day we were founded.

In fact, as the only lender dedicated to the education profession it’s fair to say our mortgages have been designed solely with teachers in mind.

We understand your career path and circumstances including pay scales, career progression and pension contributions.

PLEASE NOTE: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. 

What can we do for you?

  • Boost your affordability, potentially lending you more than other providers. Teachers can borrow up to 5 times joint income from us.
  • Help early career, supply and contract teachers. We can even assess your situation if you are still on probation.
  • Reserve our best (lowest) rates exclusively for teachers, including offering ‘fee free’ mortgage options.
  • Lend to you based on a job offer – we don’t need to see extensive employment history. For ECTS (NQTs) we treat 12 month initial contracts as a permanent role. In fact, we can even lend to ECTs (NQTs) before they start work, so you can move in before your September start.

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

Let us guide the way

Check out our selection of guides full of tips and hints on the buying process

Join the club

Join our buyers club to learn more about the buying process

What's your budget to buy?

Our mortgage calculator will give you an indication

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 you need more information or are ready to apply our advisors are ready to help

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