Teacher remortgaging | Teachers Building Society

Representative example

Please note this is a representative example based on the mortgages in the tables above. To see a representative example specific to a single product please click the black 'details' button next to the mortgage in the table. When you apply for a mortgage you will be provided with details of how the specific mortgage deal you are interested in applies to your personal circumstances.

A mortgage of £202,047.00 over 26 years initially on a fixed rate of 4.69% (Ending on 14 October 2029) and then our Standard Variable Rate, currently 8.64%, for the remaining term, would require 60 monthly payments of £1121.86 and 252 monthly payments of £1541.24.

The total amount payable would be £455,840.07 made up of the loan amount plus interest (£253,683.07) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.

The overall cost for comparison is 7.1% APRC representative.

Please note: the representative example is for a house purchase only. For remortgage applications, certain fees do not apply. Please contact us for details.

This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate European Standardised Information Sheet before you make a decision. For full details, please call our friendly team on 0800 378 669.

Remortgages for teachers

Remortgages for teachers

Variable rate remortgages

Fixed rate remortgages

Existing Customers

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Deposit %	Term	Initial interest rate	Follow on rate	Overall cost for comparison	Max LTV	Arrangement fee	Application fee
10%	2 years	5.84%	8.64% after 2 years	8.4% APRC	90.0%	£0.00	£0.00	Details
20%	2 years	5.59%	8.64% after 2 years	8.3% APRC	80.0%	£0.00	£0.00	Details

Deposit %	Term	Initial interest rate	Follow on rate	Overall cost for comparison	Max LTV	Arrangement fee	Application fee
20%	2 years	5.39%	8.64% after 2 years	8.2% APRC	80.0%	£0.00	£0.00	Details
10%	2 years	5.49%	8.64% after 2 years	8.2% APRC	90.0%	£0.00	£0.00	Details
20%	5 years	4.69%	8.64% after 5 years	7.1% APRC	80.0%	£0.00	£0.00	Details
10%	5 years	4.79%	8.64% after 5 years	7.2% APRC	90.0%	£0.00	£0.00	Details