The London Help to Buy scheme provides an equity loan of up to 40%, compared to up to 20% across the rest of England.
Andy Yates, Business Development Manager, said:
“At Teachers Building Society we welcome any initiative which helps teachers get onto the property ladder. In London, high property prices mean it can be difficult for teachers to purchase a home, or to move up the property ladder.
“This scheme, together with our specialist lending criteria for teachers (around levels of affordability and lending to Newly Qualified Teachers) will help London Help to Buy be as successful as we have found the national Help to Buy scheme to be.”
