Skip to main content

Changes to Teachers Lending Policy

08 March 2017

Abbey logo

Teachers have recently amended their Lending Policy to reflect the changes in their Buy to Let Criteria. 

They have also included a 5 year fixed rate deal for teachers. 

Here is a reminder of some of their lending highlights: 

Education Professionals

Only one applicant needs to be a teacher, lecturer, teaching assistant, trainee teacher or education support staff employed in a school, college or university.

Trainee Teachers

If your trainee teacher is in receipt of a bursary they can consider this income when assessing affordability (providing there is a second applicant on the mortgage).

Newly Qualified Teachers (NQTs)

Newly Qualified Teachers start their career on a 12 month contract in their first year. They treat them as permanently employed.

Temporary Contracts Considered

There must be 6 months left on any contract at the time of application. Other criteria applies so give them a call. 

More details can be found on their website.

Using an Ipad

Follow us on twitter

Follow Jeremy Duncombe for market and product updates on Twitter. You'll find him at @JeremyDuncombe.