According to the lender, the reduced rates include a two-year fixed rate at 80% LTV, available from 2.39% for purchase and 2.61% for remortgage. New three-year fixed rates are availabe from 2.59% up to 80% LTV.
All the mortgages have an £899 arrangement fee and £99 application fee; the remortgage has no arrangement fee and an application fee of £99.
Andy Yates, Business Development Manager at Teachers Building Society, said: “We are pleased to have made reductions to a range of our rates to reflect the current marketplace and provide borrowers with a range of mortgage options.
Fixed rates meet the needs of many who seek the reassurance of fixed monthly payments and at Teachers we now have a good range of three year fixed rates for borrowers, as well as a teacher-special five-year fixed rate which we have also re-launched for teachers this year.”
