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 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,
Teachers Building Society offer a number of products
Mortgages- Fixed Rate Mortgages, Variable Mortgages,
HomeBuy Direct, Shared Ownership and Buy-To-Let.
Easy Access Savings, Minster Spire Account, Call Save, Fixed Rate Bonds, Cash ISAs, Regular Saver Accounts, and a Charity
Other Financial Products Legal & General Life Insurance and home insurance from Legal and General.
For the year ended 31/12/2010 The Financial Results
for Teachers Building Society were 2009 figures in (brackets)
£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
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).
expenses as a percentage of mean total assets was 0.93%.