Discounted mortgages from the Teachers BS – 2 year variable rates from 1.99%.
Consider a discounted mortgage, if you are a buyer wanting to save money on your home for the next few years. Discounted deals are a good option for first time buyers looking to reduce costs.
To help buyers purchase a home the Teachers Building Society has launched a new 2 year variable discounted rate mortgage for 60% loan to value at just 1.99%. Fees are set at £1,799 and £99 for the arrangement and application fee respectively, and incentives are on offer.
For those looking to remortgage their valuation fee will be refunded, and any applicant using a Teachers' appointed solicitor will pay no legal fees.
With variable rate discounted mortgages your monthly repayment will vary according to your lender's interest rate changes. However the Teachers BS advises that while its rate may vary, mortgage holders will always be charged less than its SVR.
As with all discounted mortgages home-owners will revert to the lender's SVR at the end of the deal. At this point remortgaging to a lower rate may be an option.
To apply for this 2 year variable rate discounted mortgage, or to review the rate against other lender deals in the wider market, call an experienced adviser at Deal Direct.
Our expert advisers are here to take your call. We can help you source a new mortgage to fund a first purchase, find you a low rate deal to help you move home or review your remortgage options to save you money on your current deal.
Whatever your mortgage needs we can help.
Call 0800 948 8828 for advice and a quote.
