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Teachers Building Society Intermediaries Fixed 3.59% until 14/04/2023

Teachers Building Society Intermediaries  Fixed 3.59% until 14/04/2023
Overpayments allowed Portable Initial rate Reverts to Max LTV
Whether the deal allows you to pay more than you have to each month so you can pay your mortgage off more quickly and save on interest.
Whether the deal can be transferred to a new property if you move so you don’t have to pay charges for paying the mortgage off early.
The interest rate you'll pay during the initial deal period.
The interest rate you'll pay once the initial deal period ends.
The maximum amount you can borrow as a percentage of the property value.
Yes Yes 3.59% 4.99% 80.0%

Assumed borrowing of £125,000 over 25 years, representative 4.6% APRC. Total amount payable: £210,411.48. Includes interest of £84,413.48, Valuation fee of £0, Booking fee of £99 and Administration fee of £899. Repayments: 57 monthly repayments of £631.83 at 3.59% (fixed), then 243 monthly repayments of £713.58 at 4.99% (variable).

Teachers Building Society Intermediaries customer satisfaction scorecard:

How do we work this out?
Clarity of statements Flexibility of payments Transparency of charges Customer service Overall customer score
n/a n/a n/a n/a

Not rated

n/a = sample size is too small.

We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible


Maximum age 83
Minimum age 18
Location Any
Restricted location note N/A
Existing customer note N/A
Eligibility notes Only available to education professionals (including teachers, teaching assistants, nursery nurses, child therapists and lecturers).

Mortgage product details

Mortgage types Purchase, Remortgage, First time buyer
Deal type Fixed
Tracker type Standard variable rate
Payment options Repayment

Mortgage product features

Overpayments allowed Yes
Overpayment limits note Up to 10% of the loan outstanding per calendar year without charge
Offset mortgage No
Help to Buy mortgage No
Shared ownership mortgage No
Shared equity mortgage No
New-build mortgage No
Self-build mortgage No
Portable mortgage Yes

Product fees

Arrangement fee £899
Arrangement fee can be added to loan Yes
Booking fee £99
Telegraphic transfer fee £25
Insurance fee £0
Other fees £0

Rate information

Minimum borrowing amount £20,000
Maximum borrowing amount £750,000
Minimum term (years) 5
Maximum term (years) 40
Initial deal end date 14.04.23
Initial deal length (months) 60
APRC 4.59%
Initial rate 3.59%
Revert-to rate 4.99%
Maximum LTV 80.0%

Other charges

Exit fees £85
Valuation admin fee £0
Valuation fee From £200 for property value above £100,000
Early repayment note 3% until end of term

Standard benefits

Valuation admin fee excluded from any refund offer Yes
Maximum free valuation £675
Cash back amount £100
Further notes about benefits £100 cashback for NEU members. In the case of remortgage applications, the Society will pay the valuation fee for properties which do not exceed £800k in value. For remortgage applications, legal fees will be paid when using the Society's appointed solicitor.

Remortgage benefits

Cash back on legal fees No
Free legal work Yes
Valuation offer Free

Purchase mortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Free