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Teachers BS launches broker-only remortgage

Teachers, school

Teachers Building Society has launched a 1.79 per cent two-year fixed rate broker exclusive remortgage.

The loan is available up to 80 per cent LTV and has no fees.

Borrowers can overpay by 10 per cent a year, with an early repayment charge of 3 per cent on all further payments.

Teachers Building Society business development manager Andy Yates says: “Given recent movement in the Bank of England Base rate, people will be looking for the stability of a fixed rate and this new exclusive, coupled with our tailored lending criteria, bespoke underwriting and ability to lend up to five times joint income (subject to affordability), should make it an attractive option.”



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 […]


Teachers BS launches fee-free HTB remortgage

Teachers Building Society has launched a new fee-free Help to Buy remortgage with £400 cashback to cover legal and admin fees. The three-year fixed rate remortgage at 2.99 per cent has no arrangement fee. It is designed to help homeowners who wish to remortgage and stay with the Help to Buy Scheme. Teachers Building Society […]

Simon Beresford appointed chief executive at Teachers BS

A former managing director at BlackRock has been appointed chief executive of Teachers Building Society. Simon Beresford takes over from finance director Dean Fensome, who has been interim chief executive since October. Former chief executive James Bawa left the society last year to take up the head role at Monmouthshire Building Society. Beresford was most […]

Former Teachers CEO to head up Monmouthshire BS

The former chief executive of Teachers Building Society has taken on the lead role at Monmouthshire Building Society. James Bawa replaces Andrew Lewis, who retired after 25 years at the society, 11 of which were at the helm. Prior to joining Teachers, Bawa worked as chief executive at Scottish Legal Life following senior management posts at LV, […]

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Guide: Johnson Fleming’s managed auto-enrolment service for SMEs

Johnson Fleming has launched its new managed auto-enrolment service, designed to support SME businesses of up to 250 employees. The managed auto-enrolment service is not just about providing businesses with a software system for them to manage themselves, but more about outsourcing the administration of the project and scheme to Johnson Fleming’s auto-enrolment staff.


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