TMA adds Teacher’s to lending panel

TMA Club members will now be able to access Teacher’s Building Society mortgages.

The building society’s products are aimed at teachers, who are able to borrow up to five times join income from 95 per cent LTV, and other borrowers in the ‘mass affluent’ market.

As well as the residential sector, Teacher’s BS provides products for the shared ownership scheme, Help to Buy, and for the latter market detailed above, complex customers (the products of which start at 80 per cent LTV) and buy-to-let customers.

For teachers, benefits include £100 cashback for those part of the National Education Union, and the option to move into the property two months before starting a new teaching job.

TMA senior product and business manager Rob McCoy says: “[This] reiterates our ambition to cater for an increasingly diverse pool of borrowers. We want to ensure that all of our advisers can offer the perfect mortgage solution no matter the background or profession of their client.”

Meanwhile, Teacher’s Building Society finance director Paul Marsden adds: “By working with TMA we are confident that more customers can make their homeownership dreams a reality.”

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