The home purchase mortgage is fixed until 14 March 2017 with a £99 application fee and £899 arrangement fee while the remortgage option comes with no fees.
Both products are fixed until 14 March 2017 before reverting to the society’s standard variable rate (currently 4.99%), while an early repayment charge of 3% applies during the duration of the term.
Colin Dorman, national account manager at Teachers Building Society, said: “We are delighted to roll out these two competitive fixed rate products exclusively available to our valued intermediary partners.
“These products represent the start of some exciting mortgage product innovation in the pipeline to support the teaching community and our local area.”
The society has been providing mortgages for teachers and education professionals for nearly 50 years, while it now also lends to local residents living in Dorset, Hampshire and Wiltshire too.
