Home of Mortgages recognises how hard our education professionals work. We feel that you deserve a little more for playing a pivotal role in nurturing our next generation’s future. Therefore we have developed the Teachers’ Mortgages scheme, where we will offer free mortgage advice (normally £495 payable on completion) for all education professionals enquiring as a new client. We have access to the whole of the market ensuring you the best mortgage rates available.
At Home of Mortgages, we extend a hand to education professionals throughout their careers.
We understand that buying a home can be the biggest and most stressful commitment you make in your life. In addition to finding the home of your dreams there is so much else to consider and this is where our expertise can save you both time and money. You will have many questions;
- How much can I afford to realistically borrow?
- How much deposit do I need to save?
- What additional costs will be involved?
- What type of mortgage is best for me?
Our friendly advisors will guide you through the whole process, from start to finish whether you’re looking for a low deposit, Help to Buy or Shared Ownership mortgage.
We work with lenders who understand the teaching profession and will accept the standard 12-month first post as equal to permanent employment. They will lend to newly qualified teachers up to one month before the start of your new post so you could move into your new home before you even start your new job.
When it comes to moving home and writing the next chapter of your life it pays to plan ahead and be sure of your sums. We’ll help you work out what you can afford and find the mortgage that best suits your individual needs and circumstances from over 4000 schemes available. You can then shop in confidence for your dream property.
The mortgage market is very competitive and there are new deals available all the time. It is likely that your biggest monthly outgoing is your mortgage and by finding a better deal you could save hundreds and possibly thousands of pounds.
We have access to an extensive range of re-mortgage products, many of which are not available on the high street and we will search the mortgage market to find a more competitively priced loan for you.
We recommend that you review your mortgage every year to see how your current deal compares with what has just come onto the market.
Think carefully before securing other debts against your home.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Whether you are approaching retirement or are already retired, we can help by arranging a mortgage that could run right up to the age of 85 as long as your income in retirement is sufficient to cover the monthly cost plus your other outgoings.
Our Team Are Here To Help
Should you have a mortgage or protection enquiry you would like to discuss, contact us today.
Education Professions are listed as followed:
- Pre-School/Nursery Teacher
- Primary School Teacher
- Secondary School Teacher
- Primary School Head Teacher
- Secondary School Head Teacher
- Further Education Lecturer
- Higher Education Lecturer
- Higher Education Professor
- Special Educational Needs Professional
- Vocational Education Teacher
- Department Technician (IT, Science, Art etc.)
- Teaching Assistant
- Speech & Language Therapist
- Education Administrator