Mortgages for Teachers

When looking for the right mortgage, it is all too easy to only consider the major banks and have a look at what they offer. That is the case for any professional, including Teachers. However, there are smaller, secure lenders out there who specialize in certain fields. For the Teaching profession, there is one lender that certainly merits consideration, and that’s TBS.

As a consistent winner of the What Mortgage Awards year on year, the Teachers Building Society has a firm foundation, offers great service and currently offers competitive products. They are endorsed by the National Union of Teachers (NUT) and have over 45 years experience lending within the education profession, being launched in 1966.

The Teachers Building Society offer bespoke underwriting, which means that they assess your application individually and do not use the credit scoring systems (dubbed “computer says no”). Only one applicant has to be in the teaching profession for a couple to qualify to apply. They also accept applications from Teachers on temporary contracts (provided there is a  joint applicant who is in a permanent contract, whether a teacher or not) and they do offer mortgages at the higher loan to value range suitable for many first time buyers.

You can apply for a mortgage for a residential purchase or remortgage, buy-to-let, shared ownership, HomeBuy Direct and First-Buy schemes. Teachers Building Society also currently offer mortgage products for the Help to Buy Schemes. So there is plenty of flexibility.

It is important to note that you cannot assume that if you are a teacher, this lender is right for you. At Harvey Bowes, we will always conduct a thorough fact-find and find out about your needs and requirements before recommending a specific lender and their products. However, many mortgage brokers may not consider giving teachers the option of recommending the Teachers Building Society as they only deal directly with a limited number of mortgage brokers. Harvey Bowes is one such broker. And at the time of writing this article, this building society is offering very competitive deals, exclusive only to a limited number of mortgage brokers, again Harvey Bowes being one.

We have a number of clients with varying professions within the Teaching arena who are clients of Harvey Bowes. Trusting us to review their mortgages on a regular basis over several years. Should you want to see testimonials from some of our clients specific to this profession, please ask.

You can talk to a member of the team at Harvey Bowes on 02921754150.

Do you want to discuss your mortgage options?

Complete the inquiry form and we’ll give you a call to discuss the options:


Your home may be repossessed if you do not keep up repayments on your mortgage


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