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Changes to Teachers Lending Policy

08 March 2017

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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.


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