New fixed rate mortgages are launched by the Teachers BS.
If you are a looking for a Help to Buy mortgage or a 95% LTV deal, the Teachers BS has launched two new fixed rate products.
For a Help to Buy mortgage of up to 75% LTV, Teachers are offering a 3 year fixed rate at 2.59%.
Although Help to Buy is set to finish by the end of the year, this does not mean that mortgages under the scheme are no longer available. Lenders are still reducing pricing and adjusting their offers in order to support as many first time buyers as possible before December 31st.
If you are aiming to take your first step up the property ladder, taking advantage of this scheme before it disappears could be of great financial benefit to you. By locking into a fixed rate now, you could:
Secure low repayments for a fixed period.
- Guard against any possible future hikes in interest rates.
- Save yourself money to spend on other things, like improvements to your new home.
- Teacher’s 95% loan to value is also offered for a fixed term of 3 years at a rate of 3.99%.
In both cases, both products switch to the lender’s SVR at the end of the mortgage term.
To discuss all your mortgage requirements, contact independent broker, Deal Direct. We can review your finances with you before searching the entire market for a great, low-rate deal.
Contact us now on 0800 048 8828.
