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Teachers launch new B2L deals

Ryan Fowler

March 14, 2014

The new buy-to-let deal remortgage deal charges a £99 application fee with no arrangement, valuation or legal fees.

The product stands at 3.49% for 2-year discounted variable rate for loans up to 75% loan to value.

The society also launched a 2-year viable rate with no early repayment charge distributed just via intermediaries.

Colin Dorman, national account manager at Teachers Building Society, said the rate is available on a semi-exclusive basis via Legal and General Mortgage Club and Mortgage Intelligence/Next.

He added: “These new products offer great value and I’m confident that the buy-to-let deal for remortgages will be particularly appealing as it helps to keep the cost of remortgaging down.”

The Help to Buy rate now stands at 2.44% up to 75% loan to value.

Both the Help to Buy and No Early Repayment charge deals charge arrangement an fee of £899, application fee of £99 and valuation and legal fees.

Jeremy Duncombe, Director, Legal & General Mortgage Club, says, “We are delighted to support the launch of these competitive products via our semi exclusive relationship with Teachers BS.

“Covering buy-to-let, Help to Buy, purchase & remortgage, there is a wide range for brokers to choose from for clients that qualify for these products.”

Mortgages from Teachers Building Society are available to teachers and education professionals anywhere in England, Scotland and Wales, as well as people of all occupations purchasing or remortgaging in Dorset, Hampshire and Wiltshire.

Sally Laker, Managing Director of Mortgage Intelligence, says, “It’s good to see Teachers Building Society has been consistently moving the boundaries, with their move into Wiltshire and continuing to develop a wide range of attractive products.

“This is a good sign that they are looking to increase their lending in 2014 which is great news for our brokers.”


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