Teachers  Building Society News & Information.

October 2011 - Teachers Building Society has launched a new 4.49% 3 year discounted variable rate mortgage for the FirstBuy equity loan scheme. The product is for loans up to 80% Loan-to-Value, so if the maximum equity loan of 20% is achieved through the scheme, buyers may not need to provide any deposit. The Society has also launched a new fixed rate product for loans up to 75% Loan-to-Value for the FirstBuy scheme, for buyers with a 5% deposit.


Teachers  Building Society.

Teachers  Building Society was formed in 1966 with the aim of providing mortgages to people who worked in the education sector as well as to provide a competitive range of savings products to the general public,  Teachers Building Society head office is Allenview House, Hanham Road, Wimborne, Dorset, BH21 1AG. 

Teachers Building Society offer a number of products including

Mortgages- Fixed Rate Mortgages, Variable Mortgages, HomeBuy Direct, Shared Ownership and Buy-To-Let.

Savings Accounts- Easy Access Savings, Minster Spire Account, Call Save, Fixed Rate Bonds, Cash ISAs, Regular Saver Accounts, and a Charity Saver.

Other Financial Products Legal & General Life Insurance and home insurance from Legal and General.

F
or the year ended 31/12/2010 The Financial Results for Teachers Building Society were 2009 figures in (brackets)

Profit £397,000 ( £306,000)

Assets £238,890,000 (£257,363,000)

Executive Directors Pay £306,000 (£314,000)

Non Executive Directors Pay £85,000 (£99,000)

Total assets decreased by 7.2% from £257.36m to £238.89m. Mortgage advances totalled £14.81m (2009: £16.16m).

St the year end 3 mortgage accounts (2009: 2) were 12 months or more in arrears. The balances on these accounts totalled £308,000 (2009: £126,000) and the arrears totalled £16,000 (2009: £8,000).

Management expenses as a percentage of mean total assets was 0.93%.



teachers building society