View more on these topics

Teachers BS hikes maximum term to 40 years

Teachers Buildings Society has extended its maximum mortgage term to 40 years.

The building society has increased the maximum term available on its products by five years.

The Society hopes the move will help bring down monthly repayments for buyers battling rising house prices.

Intermediaries in the building sector also say a 40-year term can help with affordability for buyers purchasing through the Government’s Help to Buy scheme.

It’s the latest shake-up to the group’s product range. Last month it launched a new fee-free Help to Buy mortgage with £400 cashback.

Teachers Building Society business development manager Andy Yates says: “This will help bring down the monthly mortgage costs for people buying a home. With rising house prices and costs of living, saving money on monthly repayments is important to anyone buying a home.”

The Society specialises in products for teachers and education professionals in England and Wales.


Irish bank to write off debt of BTL mortgage customers

An Irish bank is writing off the debt of some of its buy-to-let mortgage customers. RTE reports that Permanent TSB has been contacting some of its landlord customers who are in arrears asking them if they will sell their property to the bank. The bank says that customers who agree to a “voluntary surrender” will […]


Hunt to leave Countrywide

Paul Hunt is set to leave Countrywide on September 8. Hunt has been working at the property firm as marketing director – financial services and B2B for just shy of nine years and has confirmed that he will depart next week. Hunt’s LinkedIn profile describes him as ‘soon to be seeking new opportunities’ in financial […]


News and expert analysis straight to your inbox

Sign up