Teachers Building Society Fixed 4.29% until 14/03/2021
Assumed borrowing of £125,000 over 25 years, representative 4.9% APRC. Total amount payable: £216,300.92. Includes interest of £91,141.92, Valuation fee of £60, Booking fee of £99 and Administration fee of £0. Repayments: 33 monthly repayments of £679.98 at 4.29% (fixed), then 267 monthly repayments of £725.48 at 4.99% (variable).
Teachers Building Society customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
Not rated |
Eligibility
| Maximum age | 83 |
|---|---|
| Minimum age | 18 |
| Location | Any |
| Restricted location note | Only available for a properties in Wessex (Dorset, Hampshire and Wiltshire). |
| Existing customer note | N/A |
| Eligibility notes | N/A |
Mortgage product details
| Mortgage types | Purchase, 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 | Yes |
| Shared equity mortgage | No |
| New-build mortgage | No |
| Self-build mortgage | No |
| Portable mortgage | Yes |
Product fees
| Arrangement fee | £0 |
|---|---|
| Arrangement fee can be added to loan | No |
| Booking fee | £99 |
| Telegraphic transfer fee | £25 |
| Insurance fee | £0 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £20,000 |
|---|---|
| Maximum borrowing amount | £350,000 |
| Minimum term (years) | 5 |
| Maximum term (years) | 40 |
| Initial deal end date | 14.03.21 |
| Initial deal length (months) | 36 |
| APRC | 4.87% |
| Initial rate | 4.29% |
| Revert-to rate | 4.99% |
| Maximum LTV | 95.0% |
Other charges
| Exit fees | £85 |
|---|---|
| Valuation admin fee | £60 |
| 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. |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Free |