"The Shared Ownership scheme provides an affordable way for people to step onto the property ladder, especially first-time buyers in a market where house prices continue to rise"
This mortgage, available to teachers and education professionals in England and Wales as well as residents of Dorset, Hampshire and Wiltshire, is available up to 95% LTV.
The product is available for purchase and remortgage and comes with no arrangement fee and a £99 application fee.
Andy Yates, Business Development Manager at Teachers Building Society, said: “The Shared Ownership scheme provides an affordable way for people to step onto the property ladder, especially first-time buyers in a market where house prices continue to rise and finances are squeezed.
“This new fixed rate mortgage is designed to meet the needs of buyers seeking the reassurance of fixed payments - this, along with our ability to lend up to 95% LTV of the share purchase and with no arrangement fee, provides an extra helping hand for those looking to purchase their own home via this scheme.”
