Teachers BS For Intermediaries now offer up to 7 x income mortgages to teachers and education professionals
NEW THIS WEEK: Maximum mortgage borrowing now up to 7 times income (single or joint) for teachers/education professionals
A single teacher/education professional on a salary of £33,000 can now borrow up to £196,400, a 19% increase over the previous maximum of £165,000 subject to criteria and full affordability assessment.
Joint applicants, each earning £33,000, can now borrow up to £412,200, an additional £82,200, equivalent to a 25% increase on the previous maximum of £330,000 subject to criteria and full affordability assessment.
The lender’s new offer applies not just to teachers, but others working in the education sector, including teaching assistants, nursery workers, headteachers, supply and contract teachers and lecturers.
For those purchasing with a partner, only one applicant needs to work in the education sector to be eligible.
These mortgages are now available up to 95% Loan to Value.
Applicable for first time buyers, home-movers and those wishing to remortgage.
Find out how much you qualify for.
Contact the mortgage adviser team for quotes and details.
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