Teachers Building Society has launched two 3-year fixed rate mortgages – including a 95% LTV deal at 3.99%.
The 95% LTV mortgage comes with an arrangement fee of £899 and an application fee of £99, while after the three year period it will revert to the lender’s standard variable rate (currently 4.74%).
Teachers is also offering a 3-year fixed rate Help to Buy Mortgage at 2.59% to 75% LTV with no arrangement fee and a £99 application fee.
Andy Yates, business development manager at Teachers Building Society, said: “In the current climate with the possibility of fluctuating interest rates these mortgages are designed to meet the needs of those seeking the reassurance of a fixed rate.
“These products also support our dedication to helping first-time buyers get onto the property ladder – a 95% mortgage and a Help to Buy product which provide a set monthly mortgage payment over the next three years.”
Teachers Building Society provides mortgages to teachers and education professionals in England and Wales and also to people of any profession in Dorset, Hampshire and Wiltshire.