An early repayment charge of 3% on the amount repaid will be applied for the duration of the product term, however borrowers could overpay by up to 10% of the loan outstanding per calendar year without charge.
Teachers Building Society has launched a fee free 2-year fix at 1.79% to 80% loan-to-value exclusively through intermediaries.
An early repayment charge of 3% on the amount repaid will be applied for the duration of the product term, however borrowers can overpay by up to 10% of the loan outstanding per calendar year without charge.
Andy Yates, business development manager at Teachers Building Society, said: “Given recent movement in the Bank of England Base rate, people will be looking for the stability of a fixed rate and this new exclusive, coupled with our tailored lending criteria, bespoke underwriting and ability to lend up to five times joint income (subject to affordability), should make it an attractive option.”
