The lender offers a fixed rate of 2.49% until 14th November 2018 when it reverts to the standard variable rate, or a two-year discounted rate of 1.99%. The loans are available up to 75% LTV and there is a £899 arrangement fee and £99 application fee.
The Help to Buy mortgages are available to teachers anywhere in the UK as well as individuals of any profession looking to buy in Dorset, Hampshire and Wiltshire.
James Bawa, chief executive of Teachers Building Society, said: “Our commitment to helping teachers and local residents move onto the property ladder includes ensuring our rates are as competitive as possible and meet the needs of our customers - whether they are looking for a lower rate variable deal or the set payment plan that a fixed rate provides.”
