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.
Chat over your objectives with an Expert Mortgage Adviser now on
01273 736536
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
Chat over your objectives with an Expert Mortgage Adviser now on
01273 736536
Chat over your objectives with an Expert Mortgage Adviser now on
01273 736536
Chat over your objectives with an Expert Mortgage Adviser now on
01273 736536
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