Teachers starts offering mortgages to non-teachers

Ryan Bembridge

November 23, 2017

Teachers Building Society has broadened the availability of its mortgage range to people of any occupation.

The change comes as the society plans to grow and looks to strengthen ties with intermediaries.

Simon Beresford, chief executive of Teachers Building Society, said: “We take an individual approach at Teachers, assessing on a case by case basis, so intermediaries can now benefit from this whether their clients are in the education sector or not.

“Our specialist service for teachers is unchanged.”

Teachers lends in England and Wales, though its specialism remains in teachers as it still offers products especially for education professionals.

Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “Small regional building societies, such as Teachers Building Society, are growing volumes through good criteria and sensible manual underwriting.

“This positive move by Teachers Building Society allows more Intermediaries to help more customers take advantage of their good proposition.”

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