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Teachers Building Society ups LTV on range of mortgages

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  • 30/01/2015
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Teachers Building Society ups LTV on range of mortgages
Teachers Building Society has increased the loan-to-value (LTV) from 75% to 80% on a range of its mortgage deals.

The deals now require a 20% deposit instead of 25% and include two home purchase mortgages; a two-year discounted variable rate at 2.29% and a three-year discounted variable rate at 2.44%.

The rates are available to members of the Legal & General Mortgage Club, Tenetlime and Mortgage Intelligence networks.

Deals are obtainable by teachers and education professionals in England and Wales as well as applicants of any occupation purchasing or remortgaging in Dorset, Hampshire and Wiltshire.

Teachers Building Society chief executive James Bawa (pictured) said: “Teachers Building Society is committed to helping as many people as possible to move onto the property ladder. We are implementing a range of changes to our products, increasing the LTV from 75% to 80% which will make the products available to a wider audience. We are committed to offering a range of good value products to teachers across the UK and local residents, and these changes are all part of that process.”

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