Tipton & Coseley Building Society now accepts mortgage applications from newly qualified teachers during their initial 12 month contract period.
The criteria change applies to all Tipton mortgages.
Richard Groom (pictured), head of sales at the Tipton, said: “Newly qualified teachers can often be frozen out when it comes to obtaining a mortgage. Many lenders apply standard criteria for newly qualified teachers. At the Tipton we recognise that newly qualified teachers are hard working professionals and our change in criteria is designed to support them buy a property.”