Newly Qualified Teacher Mortgages

Newly Qualified Teacher Mortgages

Teacher Mortgages and Newly Qualified Teacher Mortgages are slightly different. Most teachers are treated as normal borrowers once you have a permanent position. Some lenders will treat you as permanent as soon as you have an offer of a  permanent job. If you’re a Newly Qualified Teacher wanting a mortgage, you will be treated slightly differently. Also see Graduate Mortgages.

You voluntarily choose to provide personal details via this website. Personal information will be treated as confidential and be held in accordance with GDPR May 2018 requirements.  You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive verbal contact to discuss your mortgage requirements.

Are Newly Qualified Teacher Mortgages available?

Yes.

Not many lenders will consider you during your NQT year. This is because you are still technically on probation on a temporary contract. However, if you approach the correct lender when applying for a mortgage as a newly qualified teacher you may be able to buy your first home.

Lenders for Newly Qualified Teacher Mortgages

Mortgages for NQTs are considered by SkiptonTipton, Teachers Building Society, and West Brom to name a few. You should get advice as to which one might be best for you and to check who else is available. Especially as professional advice is probably cheaper than you think.

Is getting a mortgage while an NQT a good idea?

As there are only a few lenders that will consider NQT mortgages you might get a better mortgage deal by waiting until you have a permanent job, or even just an offer of one. There are still competitive deals available to NQTs and slightly higher interest rates might not make a huge difference to your payment anyway. Besides, once you get a permanent role you might be able to remortgage to an even better deal anyway.

If suitable properties don’t come on the market very often you may regret not making an offer on one when it was available.

You need to be confident that you can commit to the area you are currently working in. Are you confident you’ll get a position at the same school, or one nearby?

Newly Qualified Teacher Mortgages

Do teachers get better mortgage rates?

When it comes to teachers and mortgages, most lenders will treat you like any other employee. There are a few lenders, like Swansea, who offer a discounted rate for people in some jobs, including teachers. Although they offer this discount, this doesn’t necessarily mean they are the best rate available. Other lenders may have lower interest rates even without this special discount for teachers.

Want to know more?

Newly Qualified Teacher Mortgages
Alex P
Read More
Jamie was supportive all the way through my experience with my first time buyer application. Jamie responded very quickly and always had time for me. I would recommend Jamie 100% certainly helped me out and still helps me out even though the mortgage has gone through. Top quality service. Thank you
Newly Qualified Teacher Mortgages
Kylie X
Read More
100% recommend Jamie as a mortgage advisor. He is very rapid with responses and cares about his job and your interests and not just getting the job done. He really took his time and we built a good rapport making everything a really smooth process. He explained everything thoroughly and was always there if we had any questions. We will definitely contact Jamie for remortgaging. Thank you!!
Newly Qualified Teacher Mortgages
Dan G
Read More
Jamie was extremely helpful right from our first conversation. He listened and made sure he did all he could to get me a much better deal than what I was already on. He’s saved me £80 a month on my mortgage payments which is really a huge saving. A really professional and quick service - Within 2 days I had a new mortgage deal with no hassle as Jamie does all the leg work for you. I would definitely recommend for anyone looking to get a better deal, Jamie will definitely be able to get you that.
Newly Qualified Teacher Mortgages
Reece L
Read More
Brilliant service from Jamie. Had our re-mortgage sorted within a week. No pressure was put on us to re-mortgage with the option he felt best suited to us opposed to our preferred re-mortgage option, simply stated the facts. Overall nice, friendly and will definitely use again in the future.
Newly Qualified Teacher Mortgages
Adrian B
Read More
Jamie Thompson recently saved me £160 per month on my mortgage with no fees. I would recommend his friendly efficient and professional Services to Anyone looking for a mortgage or remortgage. Jamie has helped a number of our friends who have all commented on how good he is at what he does. Thanks Jamie.
Previous
Next

Why Jamie Thompson Mortgages