Teachers for Intermediaries

Complex Borrowing Solutions and education sector expertise from Teachers for Intermediaries. TFI is the dedicated intermediary subsidiary of Teachers Building Society. If the property your client is looking to buy is unusual or there are any other complication factors like age, income or a shorter term required, TFI welcome a challenge to provide a borrowing solution.


Procuration Tables

Gross fee paid by lenderProcuration fee to intermediary

All products                 0.35%

All information correct as at 26/11/2019

All products                ​0.33%

All information correct as at 26/11/2019

Overview

If the property your client is looking to buy is unusual or there are any other complication factors like age, income or a shorter term required, TFI welcome a challenge to provide a borrowing solution.

Income

We:

  • Consider multiple income sources
  • Use of unearned income such as retained profit, undrawn investment / pension income
  • Provide self-employed solutions into retirement

Timing

Short term lending between 1-5 years on No ERC interest only to suit your client who may be:

  • Awaiting sale of property
  • Timing around disposal of assets
  • Requirement to maintain debt/tax planning

Property

We can handle property with complexity:

  • Acreage
  • Outbuildings / annex (Let)
  • Holiday lets on site
  • Basement flat
  • Mixed use
  • One title deed


Age

We understand how frustrating it can be seeing your clients turned down for a mortgage based purely on their age. By assessing affordability on interest only and focusing on the overall creditworthiness of the application, age is rarely the be-all and end-all.

Holiday lets

Real life solutions for your landlord clients up to age 83

  • Up to £750k at 75% LTV
  • Min income 25K sole, 40k joint
  • Air B&B acceptable for our holiday lets
  • Unusual properties

Not forgetting our teacher specific criteria…

  • 5x joint income at 95% LTV supports first time buyers / movers
  • Newly qualified teachers on a 1 year contract are treated as permanently employed and future income can be considered months in advance
  • Marketing material is available for brokers looking to target the teaching profession


*Geographical restrictions

We exclusively lend within England and Wales to applicants of any occupation.

Allenview House
Hanham Road
Wimborne
Dorset
BH21 1AG


​Contact

Tel: 0800 378669

Email: [email protected]

Web: www.teachersbs.co.uk/intermediaries

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