Teachers BS adds new help to buy and 95% mortgages


Teachers Building Society has launched two new fixed rate mortgages: a help to buy offering and a 95 per cent LTV deal.

The help to buy product is a three year fixed rate mortgage at 2.59 per cent available on loans up to 75 per cent LTV. The loan switches to Teachers’ SVR, which is currently 4.74 per cent, after the fixed term. Application fees of £99 apply.

The new 95 per cent mortgage is a three-year fix at 3.99 per cent with fees of £998. It also changes to the SVR after the fixed term.

Teachers Building Society business development manager Andy Yates, says: “In the current climate with the possibility of fluctuating interest rates these mortgages are designed to meet the needs of those seeking the reassurance of a fixed rate.”