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Teachers launches new 95% LTV deals

Teachers Building Society has launched two new 95 per cent loan-to-value mortgages.

The lender is offering a two year variable rate at 3.29 per cent and a five-year fixed at 4.49 per cent.

Both deals come with a £99 application fee and free valuations.

Head of mortgage sales Andy Yates says: “We are excited about the launch of these mortgages, designed to help intermediaries support their clients who are teachers and who may have smaller funds available to put down towards a deposit.

“All our standard mortgages are also arrangement fee-free, as we understand that in reality buying your first house can often be one of the most expensive times in people’s lives.”



Teachers Building Society appoints new chair

Teachers Building Society has appointed Julie Nicholson as chair, replacing incumbent Roy Spragg. Nicholson will take up her role on 26 April. She is currently deputy chair at Reliance Bank and also chairs the firm’s audit, risk & compliance committee. Teachers Building Society chief executive Simon Beresford says: “I am thrilled to be welcoming Julie as […]

Teachers Building Society expands to non-teachers

Teachers Building Society says it will now lend to people with any job. The lender was founded in 1966 when the National Union of Teachers bought London Scottish Building Society to help education workers buy homes. A Teachers BS spokeswoman says the lender occasionally accepted non-education applicants before, but that the new announcement marked a […]

Teachers, school

Teachers BS launches broker-only remortgage

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 […]


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 […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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