Teachers Building Society

Teachers Building Society founded in 1966 provides mortgage products to all people especially those who work in education. They have varying schemes of saving plans for the general public. The main target of Teachers Building Society is the benefit of their members. The products can be directly purchased from the company without any legal fees or charges. The competitive mortgage products are the main attraction of the building society.

The mortgage plans for teachers from Teachers Building Society includes first time buyer mortgage, moving home, remortgaging, buy to let and shared ownership mortgages. The mortgage products offered for these borrowers include fixed rate Mortgage, variable rate and discount rate mortgages. The fixed rate mortgage plans are generally given for 3 to 5 years. The interest rate won’t fall or rise in the fixed time period of the mortgage.

The variable rate mortgage is aimed at borrowers who want to save more money from mortgages as well as those who expect a rise in their income in the future. A shared ownership mortgage plan offers loans up to 100% and gives fixed rate Mortgage for teachers and other members for 3 years. The discounted mortgage rate can give discounts to a maximum of 3 years.

The Teachers Building Society mortgage products for customers include plans for those who want to move their home or who want to get a new property. The main products are almost the same as the mortgage plans for teachers. Borrowers can rely on the mortgage product selector to get a product most suitable for them. The calculator in the website can be used to calculate the interest rate and the repayment amount that can vary based on each Teachers Building Society mortgage product.