Bank of England Base Rate Change
As you may be aware, the Bank of England announced a decrease in its Base Rate from 5.00% to 4.75% on 7 November 2024.
As a result, we’re currently reviewing the rates we offer both our savers and borrowers. We will write to members and let them know of any changes that affect them.
Members with a fixed rate mortgage or fixed rate savings account will not be impacted by this change.
Arrange a mortgage appointment
Whether it's a Decision in Principle (DIP) or a full mortgage application on a property you've found, our friendly team are ready to help.
Appointments and call-backs are available Monday-Friday 9am-7pm and Saturday 9am-1pm
Mortgage calculator
Use our online tool to find your 'budget to buy' with just a few simple steps.
Mortgages from Teachers Building Society
We were founded in the 1960s specifically to help teachers with smaller deposits buy homes and it’s been our core purpose ever since.
Today we reserve our best (lowest) rates exclusively for teachers. We also offer holiday let and buy to let mortgages (which supports more teacher lending).
Your home may be repossessed if you do not keep up repayments on your mortgage
From the first phone call, all people that I spoke or communicated with had been 100% helpful, supportive and knowledgeable.
- Alexander, teacher and first-time buyer
Saving with Teachers Building Society
As a building society we use our members collective savings deposits to support mortgage lending.
So whether you're a teacher, a corporate or charitable organisation or someone else, when you save with us you're helping us lend money to even more first time buyer teachers.