Teacher Mortgages Explained
As a family run business, we truly understand the value of teachers. Our team is based in Salisbury and several members of our team have children is local schools. We therefore really value teachers and that’s why we love to help you.
There isn’t a specific mortgage for teachers. But there are lenders who are set up to support teachers. And we work with those lenders.
Teaching is a trusted profession, so there may be advantageous terms with certain lenders. Some have exclusive benefits, such as:
- favourable interest rates
- higher loan to value ratios
- flexible eligibility criteria
If you are a newly qualified teacher or a supply teacher, getting a mortgage can be more complicated. But by no means impossible. We can help by accessing lenders who are favourable to your circumstances.
We will do all the hard work for you. As a teaching professional, we know you’re busy, so we do all the research and take care of the paperwork for you.
If you need to speak to us outside of standard office hours, we can be flexible with our appointment times. We know the school day means that 9-5 may not work for you.
Speak to Your Mortgage Expert for Teacher Mortgage Advice in Salisbury today to see how we can help.
What Help is Available for Teachers to buy a home
If you are buying your first home and you’re struggling with affordability, there are schemes to help. We have experience with using these schemes and can help advise you as to whether you meet the criteria.
Here are some of the schemes you might want to consider:
- First Homes Scheme
Available in England, this is a Government Scheme offers residential homes to first time buyers at a discounted price. Generally, priority for these is given to key workers.
- New Build Homes
Buying a new build can be an affordable solution. Some lenders also offer discounts for key workers. On top of that, some developers offer new build incentives. These might include having your stamp duty or legal fees paid or other incentives to entice you to buy. We have a page dedicated to buying a New Build in Salisbury if this is an option for you.
- Shared Ownership Scheme
The Shared Ownership scheme in England is a Government backed option to help with affordability. It offers you the chance to buy a share of between 25% and 75% of your home’s value and then pay rent on the remaining share. For this reason, it is often referred to as ‘part-rent, part buy’.
We have experience with helping people buy houses in the Salisbury area using these schemes. We know the eligibility criteria for the various schemes and whether you are likely to be accepted.
We have built up strong relationships with local estate agents, conveyancers and architects. We can recommend companies to you based on our experience of working with you. Our team takes time to understand the Salisbury Property Market.
If you’re looking for Mortgage Advice for Teachers in Salisbury, we would love to help.
Why choose us?
Our friendly, experienced team is based in the heart of Salisbury, Wiltshire. If you are a local our office is in the city centre, opposite the Odeon. We have flexible appointments to fit around the school day and can speak in the evenings and at the weekends.
We can help you no matter where you live in the UK. We can do the whole mortgage appointment and application process via telephone, email and video call.
Our team has:
- Over 80 years of experience in the mortgage and protection industry
- Close relationships with high street and specialist lenders
- We have over 100 five-star reviews on Google
- Have helped hundreds of professional people access mortgages
How we work:
- Personalised, hard working service
- Search 1000s of deals from multiple lenders
- Detailed research to ensure you save money
- Take care of the paperwork to minimise stress
- By your side from application to completion
- The experience to get a good result for you
Contact us today for Teacher Mortgage Advice in Salisbury and see how we can help you get a successful outcome.
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Email ClaireClaire Northcote - Mortgage Adviser
Claire lives with her daughter in Salisbury. Prior to Your Mortgage Expert, she worked in several local estate agents. Meaning she understands the local property market. Claire will take the time to get to know you and to understand how she can help. -
Email AndyAndy Hopkins - Mortgage Adviser
Andy lives with his family in Wiltshire. He joined Your Mortgage Expert from a large national mortgage brokerage. He has years of experience helping people with their mortgages. Andy will cut through the jargon and find the solution for you.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your property may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.