Teachers Building Society launches new fixed-rate range

An assortment of new fixed-rate mortgages across all its LTV ranges has been launched by Teachers Building Society.

Teachers Building Society, which, as the name suggests, was founded by the National Union of Teachers in 1966 and has been operating in Wimborne, Dorset since 1976, offers mortgages to teachers and education professionals in England and Wales, as well as local residents in Dorset, Wiltshire and Hampshire. 

Its new range includes a collection of two and three-year products, with new Help to Buy and Shared Ownership options. In addition, there is a five-year Teacher Fixed Rate Special deal on offer.

“Fixed rate mortgages are an attractive option for borrowers who want the security of knowing the cost of their mortgage will not increase if rates rise,” said Andy Yates, Business Development Manager at Teachers Building Society. 

“We are delighted to launch this range of fixed rates to help intermediaries support their clients who are first-time buyers, as well as those moving home and looking to remortgage.”

He added: “The new deals, as well as offering the reassurance of a fixed rate, also support our continued commitment to help teachers onto the property ladder – with mortgages supporting the government affordable housing schemes and a teacher-only five-year fixed rate product.”