The product, available up to 95% LTV, can either be for purchases or remortgages and carries no arrangement fee.
Andy Yates, Business Development Manager at Teachers Building Society, said: “The Shared Ownership scheme provides an affordable way for people to step onto the property ladder, especially first-time buyers in a market where house prices continue to rise and finances are squeezed.
This new fixed rate mortgage is designed to meet the needs of buyers seeking the reassurance of fixed payments - this, along with our ability to lend up to 95% LTV of the share purchase and with no arrangement fee, provides an extra helping hand for those looking to purchase their own home via this scheme.”
