Finding the Best Mortgage Deal for You
We know that teaching can be a very stressful job, so hard working professionals with sought after skills like yourselves, should be rewarded with competitive rates when looking for a mortgage!
Unfortunately the problem is often that many mortgage lenders apply their strict criteria to all applicants, without considering their individual situations. We understand that a lot of teachers are unable to acquire a permanent position, or enjoy the challenge and variety that fixed term or temporary contracts provide.Additionally, NQTs at the start of their career may initially be on a one year contract until a permanent position becomes available. Some lenders may be wary, however we have access to thousands of mortgage deals and we’ll help you find the most suitable mortgage for you as a teacher.
Supply Teacher? Agency Teacher?
Perhaps you work on a supply basis (short or long term) or get your teaching work through an agency. Lenders may be cautious toward the sustainability of supply teaching or work that is irregular. We can help put together a case for you, proving to lenders your income potential though your employment history and will approach lenders that we know will consider applications on a case-by-case basis.
We can help with:
- Teachers on a fixed term or temporary contract
- NQTs on a one year contract in their first year of teaching
- Teachers who gain work through an agency
- Supply teachers (long and short term)
- Teachers that take on additional work (tutoring, test marking etc.) to supplement their income
It is common for banks and building societies to not fully understand the earning potential of a teacher. Extra income which may be acquired during school holidays or evenings from additional activities such as tutoring or test marking will often be overlooked. We will make sure all income is taken into account in order that you meet the lender’s affordability checks and are into your new home as soon as possible.
Our relationships with banks and building societies, large and small, mean that whatever your situation as a teacher, we can negotiate the best possible teacher mortgage deal for you. So why not leave the hard work to us?
For bespoke, quality mortgage advice for teachers, speak to one of our advisors.
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