Mortgages for Teachers
Our Mortgage Service - helping you make the right decision
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Compare mortgages for teachers
Mortgages for teachers and other education sector professionals can often be tailored to the requirements of those in this field. For example, some mortgages for teachers can be offered with flexible criteria and specialist underwriting to take into account the variable income or temporary contracts of trainee or supply teachers.
Getting mortgages for teachers
Teaching staff quite often work under non-standard contracts. As well as full and part time teachers, many education professionals work on a supply basis or with an agency, which can make proving a steady income stream a little more complicated. However many mortgage lenders will take this into account when considering you for a mortgage.
Who can get mortgages for teachers?
Generally speaking, in order to qualify for a mortgage that is exclusively offered to teachers, at least one of the applicants will need to be:
- A fully qualified teacher
- A fully qualified lecturer
- A teaching assistant
- A newly qualified teacher (NQT)
- Choosing the right mortgage for teachers
Some specialist mortgage lenders such as Teachers Building Society offer extra incentives for teachers who take out mortgages with them, such as a contribution towards your National Union of Teachers (NUT) subscription fees. They also provide specialist mortge deals for teachers who are close to retirement age.
Speak to our specialist team to help you find the right mortgage option for you. To speak to one of our mortgage advisers click here »