Mortgage Advice for Teachers

Smaart Associates have been helping Teachers arrange mortgage finance since 2002 and we now look after a portfolio of Teachers living and working in the UK. As a Teacher you may may have access to exclusive mortgage products not available to the general public, your Smaart Associates adviser will consider these exclusive products when completing your research.

To discuss your requirements without obligation, call us on: 0800 756 9556 and select option one.

What are Exclusive mortgage schemes?

Lenders recognise that the teaching profession is secure and offers long term career progression. Quite simply this makes you a low risk applicant. In order to attract your business a lender may offer enhanced flexibility, which could mean lending more against your income or reducing the deposit you might need. Many lenders offer mortgages with no deposit to Teachers combined with reduced application fees.

From time to time, lenders may offer preferential interest rates to Teachers and your Smaart Associates adviser will inform you about these schemes.

How can Smaart Associates help?

As your Mortgage Broker we have access to the whole mortgage market and we will compare the products in the general mortgage market to those only available to Teachers. Where an exclusive mortgage scheme is most appropriate we have the expertise and experience to ensure that your application is dealt with quickly. By using Smaart Associates you will benefit from our expert advice and professional service, this will reduce the hassle involved in applying for your mortgage on your own.

You might be eligible for extra help?

Your job is classed as an essential occupation and as such you may be eligible for the following:

• Key Workers - Open Market Home Buy:
  The aim of the scheme is to make buying your first home that bit easier.
  Read more
• Shared Ownership - Home Buy
  Shared ownership was introduced to help people who cannot afford to buy a home outright. Through shared ownership you buy a share of the property and pay a rent on the remaining share you do not own. Gradually you may buy further shares and eventually own your home outright.
  The scheme is intended for people who cannot afford to buy a suitable home in any other way. They must be in housing need and be unable to afford outright purchase. Priority will normally be given to existing public sector tenants or those on local authority or social landlords waiting lists. Read More - Government Website

Before applying for a mortgage or remortgage it's important that you understand what your existing commitments are and how much you can afford in repayments for your mortgage. Your Smaart Associates Adviser will help you establish a budget for your new mortgage but to get started please try using our online budget planner.