Previously, the mutual’s mortgage service was only available to teachers across the UK. However, following a re-entry into the intermediary market in 2011 and as a part of its growth strategy, Teachers Building Society will now consider cases submitted by intermediaries regardless of their clients’ occupation.
Commenting on the announcement, Simon Beresford, chief executive of Teachers Building Society, said: “We take an individual approach at Teachers, assessing on a case-by-case basis, so intermediaries can now benefit from this whether their clients are in the education sector or not. Our specialist service for teachers is unchanged.”
Danny Belton, head of lender relationships at Legal & General Mortgage Club, added: “Small regional building societies, such as Teachers Building Society, are growing volumes through good criteria and sensible manual underwriting. This positive move by Teachers Building Society allows more intermediaries to help more customers take advantage of their good proposition.”