Teachers BS launches broker exclusive at 1.99%

Teachers Building Society has launched a new ‘professional mortgage’, available exclusively through brokers, at 1.99 per cent.

The discounted variable rate product is offered at 1.99 per cent for two years and is available to a maximum LTV of 75 per cent.

The new product is offered for loans between £400,000 and £750,000 and available to “senior appointments within teaching” as well as Dorset, Hampshire and Wiltshire-based professionals in the following occupations: Bankers, accountants, actuaries, solicitors, barristers, medical doctors, dentists, pharmacists, optometrists, vets, teachers, commercial pilots, chartered surveyors and architects.

A £99 application fee is payable, as well as a £1,499 arrangement fee. The deal is available for purchases and remortgages.