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Building society launches fee-free Help to Buy remortgages

Teachers Building Society

Teachers Building Society has introduced a fee-free Help to Buy remortgage product.

This will offer borrowers £400 cash back to cover legal and admin fees as the building society aims to help homeowners who want to remortgage and stay within the Help to Buy scheme.

The three-year fixed rate remortgage at 2.99% comes with no arrangement fee.

Teachers added that the mortgage is available to education professionals across England and Wales as well as residents in Dorset, Hampshire and Wiltshire.

“We already offer a range of Help to Buy mortgages available for remortgage to provide people with a choice to stay within the scheme, however, this remortgage provides homeowners not only with a reassuring fixed rate, but cash back to help cover some costs incurred in the remortgage process,” said Andy Yates, business development manager at Teachers Building Society.

Andy revealed that teachers who are members of the National Union of Teachers (NUT) can also get an additional £100 cash back.

“We can help teachers working on contracts, including NQTs and supply teachers – so a combination of our lending criteria and products means we can provide rounded support to teachers who are looking to stay within the Help to Buy scheme,” added Andy.

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