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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.”

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