01273 736536

TEACHERS

Expert advice tailored to you

TEACHERS

Expert advice tailored to you

Teacher requiring trusted independent mortgage advice?

If you are considering buying a new home or remortgaging and want to save time, know what you can achieve and find the best mortgage for your circumstance you are one step closer.

We’ve completed 100’s of mortgages for teaching staff, have exclusive products available and specialist criteria just for teachers. Whether you are looking to buy a home, remortgage or invest in a buy to let property it will be best to chat with a mortgage adviser. They will listen to your objectives and find the best mortgage solution for you.

To find out how much you may be able to borrow, try our calculator.

How much can
I borrow?

Your annual income
£

Partners annual income (if applicable)
£


You could borrow up to

Chat over your objectives with an Expert Mortgage Adviser now on

01273 736536

Information

Please remember to add your deposit to the borrowing amount indicated on the calculator to give you an idea of your purchase price.

This calculator is designed to give you an indication of the amount you can borrow. The actual amount you can borrow does depend on your credit commitments, your regular monthly outgoings and how each lender assesses your income.

It may be possible to borrow more than our calculator shows you, that’s where the expertise of our personal advisers comes in and where our independent status benefits you.

*All potential borrowing is subject to affordability checks and credit status

Your home move in 4 simple steps

Step 1

Firstly, talk with an independent mortgage expert to chat over your circumstance and objectives.

Step 2

Your personal mortgage adviser will save you time and money by researching the market to find the best mortgage for you. Giving you the confidence to make decisions.

Step 3

When you are confident and happy, your personal mortgage adviser will apply online for you.

Step 4

Your dedicated relationship manager will liaise with the lender, keeping your informed along the way until your objectives are met and the mortgage has completed.

Get the advice you need and chat with an experienced mortgage adviser today!

What you need to know…

How much can I borrow?

You can get an idea of how much you can borrow by using our useful “how much can I borrow” calculator. The actual amount you can borrow will depend on your credit commitments, your regular monthly outgoings and how each lender assesses your income. For example, not all lenders will use your TLR income if you receive it.

It may be possible to borrow more than our calculator shows you, that’s where the expertise of our personal advisers comes in and where our independent status benefits you.

How much deposit/equity do I need?

You will need a minimum of a 5% deposit, the interest rates will improve if you can use a 10% deposit. It is important that you know all the costs involved not just the deposit required, our experienced advisers can provide you with details of all the costs with selling and buying a property or remortgaging.

If you are a first time buyer, we can show you how you can help boost your savings with government incentives which are available to Teaching staff.

I’m on a 1-year contract, can I still get a mortgage?

Yes, we know of multiple lenders that will accept a 1-year contract for Teachers even if it is your first contract. We even have exclusive products available to us from a High Street lender that will accept a 1-year contract.

Will I be accepted for a mortgage?

Getting accepted for a mortgage does depend on your circumstances. All our advisers are experienced experts with helping Teachers buy their first home, move home or remortgage. If you have historic bad credit it is common that we can find a High Street mortgage, this is one of the benefits of being independent and having extensive knowledge in securing mortgages.

Am I eligible for preferential rates or criteria as teaching staff?

Yes, some lenders are keen to help Teachers achieve their objectives and offer exclusive rates and have more flexible criteria. For example, there is a lender that will consider lending up to 5 x a single or joint income with just a 5% deposit. Nearly all of the lenders that will consider lending 5 x income typically require a minimum of a 15% deposit. You should consider what is affordable to you, when you are in touch and chat with a mortgage adviser, we will confirm the amount you can borrow, the deposit required, the costs involved and monthly payments.

How much will my monthly payments be?

Your monthly payments will vary according to your chosen mortgage term, choice of product, the level of deposit used and repayment type. You can get an indication of the monthly payments by using our calculator below, but it is best to chat with a personal mortgage adviser to find out exactly what interest rate and term you can secure to give an accurate monthly payment.

Is it worth me remortgaging?

In most circumstances it will be worth remortgaging once you come to the end of your initial product period, as if you do nothing you will end up moving to the lenders standard variable rate. This will mean your monthly payments will increase and you will pay more to the bank or building society then you potentially need to.

If you are thinking about remortgaging for a different reason, such as raising money for home improvements, or are on the standard variable rate then please speak to one of our independent advisers to see how we can help you.

Useful calculators

How much can
I borrow?

Your annual income
£

Partners annual income (if applicable)
£


You could borrow up to

Chat over your objectives with an Expert Mortgage Adviser now on

01273 736536

Information

Please remember to add your deposit to the borrowing amount indicated on the calculator to give you an idea on your purchase price.

This calculator is designed to give you an indication of the amount you can borrow. The actual amount you can borrow does depend on your credit commitments, your regular monthly outgoings and how each lender assesses your income.

It may be possible to borrow more than our calculator shows you, that’s where the expertise of our personal advisers come in and our independent status benefits you.

*All potential borrowing is subject to affordability checks and credit status

Mortgage calculator

How much will you be borrowing?
£

Over how many years?

What is the interest rate?
%


Your monthly repayment will be


£0

Chat over your objectives with an Expert Mortgage Adviser now on

01273 736536

Information

To work out your monthly payments simply adjust the following to calculate your mortgage costs:

– The amount you want to borrow
– The number of years you wish to borrow the money over
– The interest rate

This calculator is designed to give you an indication of what your monthly payments on a repayment basis and should not be consider as a mortgage quote.

Your actual monthly payments will depend upon the amount you are able to borrow, the maximum term available (subject to age) and the size of deposit you put down.

To make sure you are getting the best interest rate, chat to your personal mortgage adviser who will use their expertise and independent status to your benefit.

How much deposit
will I need?

Purchase price
£


You'll need a deposit of at least

Chat over your objectives with an Expert Mortgage Adviser now on

01273 736536

Information

This calculator is designed to give you an indication of the minimum deposit you will need to purchase for a certain price. The amount of deposit needed may vary according to your circumstance and the property type.

To find out exactly how much deposit you will need, chat with our expert mortgage advisers.

5 star Google reviews

Paul


Kevin, Tina and Madison were always there to reassure and help us when needed, and are the nicest number crunchers out there!

David


They are not only the total professionals, but have great customer service and keep you informed at every step of the process.

Lorraine


They do their best to find a product and a solution to help you achieve the outcome you want.

Latest from the blog

Property market since the BREXIT vote

Brexit, Brexit, Brexit! what has happened since the referendum vote in June 2016 to the property and mortgage market?... Despite all the doom and gloom in the media, and the massive resources spent on going round in circles and talking about Brexit........

read more

New Build Developments in Shoreham

There are some brilliant new developments that are coming to Shoreham-by-Sea. There are some excellent government schemes that are available to help you buy your perfect new home. Get in contact with us to find out more about the government schemes that are available...

read more

How Much Can You Borrow?

Find out how much you can borrow by booking in an appointment with one of our expert advisors.  Mortgage Lenders use income, credit commitments and overall expenditure in order to work out the maximum you can borrow. Some lenders offer higher multiples of income than...

read more

Want to send us a message?


 

Contact

For expert mortgage advice
01273 736536

Earn £100

Recommend a friend & receive £100 for every referral!