Mortgage deal

14th July 2006 at 01:00
A shared ownership mortgage for teachers has been developed by the Teachers Building Society, a body first set up by the National Union of Teachers.

The mortgage, for loans up to pound;150,000, is aimed at teachers who want to take part in the Government's HomeBuy scheme, which allows key workers to buy a share of a house. An interest rate of 6.99 per cent is available for those with no deposit, and 6.19 per cent for those who can afford a 5 per cent deposit.

Subscribe to get access to the content on this page.

If you are already a Tes/ Tes Scotland subscriber please log in with your username or email address to get full access to our back issues, CPD library and membership plus page.

Not a subscriber? Find out more about our subscription offers.
Subscribe now
Existing subscriber?
Enter subscription number


The guide by your side – ensuring you are always up to date with the latest in education.

Get Tes magazine online and delivered to your door. Stay up to date with the latest research, teacher innovation and insight, plus classroom tips and techniques with a Tes magazine subscription.
With a Tes magazine subscription you get exclusive access to our CPD library. Including our New Teachers’ special for NQTS, Ed Tech, How to Get a Job, Trip Planner, Ed Biz Special and all Tes back issues.

Subscribe now