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Teachers’ BS lifts LTVs on selected products

Teachers’ Building Society has lifted the maximum LTV on a range of mortgages from 75 per cent to 80 per cent.

The change, effective from today, applies to a selection of five fixed rate products, with two broker-exclusive deals including a three-year discounted variable rate product offered at 2.44 per cent for purchase borrowers, while a remortgage version is priced at 2.66 per cent.

Teachers’ Building Society national account manager Colin Dorman says: “These mortgages, available through the intermediary channel, are now available to buyers at an increased LTV of 80 per cent.

“This along with our new specialist products and our approach to manual underwriting without credit scoring make our proposition stand out to interemediaries.”

List of products rising from 75% LTV to 80% LTV
Product Type Rate    
1.       3-year discounted variable rate Remortgage 2.66%    
2.       3-year fixed rate Purchase 3.58%    
3.       2-year discounted variable rate Purchase 2.29%    
4.       3-year discounted variable rate Purchase 2.39%    
5.       3-year fixed rate Remortgage 3.80%    

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