Mortgages from Teachers Building Society

Our mortgages

Mortgages are the heart and soul of what we do

In the 60s and early 70s teachers were considered unattractive lending prospects by many high street lenders, thanks to their relatively low pay. 

Our founders recognised the risk that teachers who were unable to purchase their own home may leave the profession.

They took radical action, founding our Society specifically to offer equality of lending to teachers - which has remained our core purpose ever since.

Today we support NQTs, experienced teachers, those working as supply or contract teachers and those wishing to buy a home with a non-teacher partner.

We also offer holiday let mortgages and buy to let mortgages, applications for which are open to non-teachers
(find out why here).

Our mortgages are available for properties in England and Wales.

Mortgages are in our roots

We were formed specifically to help teachers get on the ladder.

Mortgages for ECTs

 

We offer mortgages to teachers starting their careers

Supply or contract teacher?

We can help you buy a home

Mortgages for experienced teachers

We can help you buy a home no matter what stage of your teaching career

You might be wondering why we offer holiday-let mortgages and buy to let mortgages to non- teachers - it’s a good question. There are two reasons.

Firstly, (like all lenders) it’s our duty to keep both our business and your money safe, and to do that we follow regulator rules around how many of our mortgages are to borrowers with small deposits and how many are to people with much bigger deposits. Offering holiday let and buy to let mortgages (requiring at least a 25% deposit) balances out the small deposit mortgages we offer to teachers.

Secondly, we think having a specialism – like lending to teachers – is a really good thing. So instead of offering our lowest deposit mortgages to the masses, we decided to apply our specialist knowledge to the buy to let market.

Mortgage guides you may find helpful...

How to buy a home guide

How to buy a home guide

In this guide we explain in ten simple steps how to go progress from prospective buyer to home owner.

Your guide to mortgage appointments

Mortgage appointment guide

Wondering how you know if you're ready for a mortgage appointment, or what a mortgage appointment entails? We have you covered with this super simple guide.

Mortgage jargon buster

Mortgage jargon buster

We try not to use industry jargon when we’re talking about mortgages, but some terms and phrases just can’t be replaced. In this simple guide we simply explain the lingo you’re most likely to encounter.

Please note: Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage. Terms and conditions apply. Mortgages are subject to underwriting and criteria. Please contact us for full details.

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