Teachers Building Society Remortgage
The Teachers Building Society remortgage range has a number of products specifically designed for people within the education profession. The Teachers Building Society understand the needs of Teachers and can offer remortgage products with that in mind. For the latest Teachers Building Society remortgage rates, see below:
Teacher’s Building Society Review
The Teachers Building Society was formed in 1966 and provides mortgage and remortgage products for people working in the education sector, as well as savings products for the general public. The Teachers Building Society is a mutual society, so does not have to worry about shareholders profits, instead passing on success through its rates. The Teachers Building Society prides itself on ‘a first class personal service’ and also does its best to protect the planet ‘from the consequences of our activities.’
Teachers Building Society remortgages are available in joint names, but one person must work in the education profession. Some of the deals on offer include:
- Fixed rate
- Variable rate
What is a remortgage?
A remortgage is when you replace your existing mortgage with a new one. There are many reasons for remortgaging, but the majority fall into one of the two following categories:
- Remortgaging to save money – If you have a fixed rate mortgage deal, your interest rate will usually switch to the lender’s Standard variable Rate (SVR) which is likely to be higher and will probably mean that you have to pay more each month. By switching to a better deal with a different mortgage provider, remortgaging could potentially allow you to benefit from lower interest rates and lower monthly mortgage repayments.
- Remortgaging to raise money – Remortgaging can allow you to release some of the equity in your home. This could be useful if you wanted to carry out repairs to the property, add an extension, help your child with their own mortgage deposit, or consolidate other existing debts.
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