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Mortgage360 are here to help you make the right choice.

Here at Mortgage360 we pride ourselves on offering tailored advice, coupled with great service. We are mortgage experts, so you can rest assured that you are in safe hands when searching for your new mortgage, whatever your situation may be.

Key Benefits

We are committed to guiding you through one of life's most significant financial decisions.

When it comes to securing the right mortgage, our expert team is here to ensure that you make informed choices tailored to your unique needs.

We have access to lenders who offer specialist mortgage products for teachers and other professionals.
We’ll help you make the most of your stable profession to identify the most suitable deals.
We’ll guide you through the application process, from start to finish, to secure the most competitive rates.

Getting a mortgage as a teacher is very similar to every other mortgage applicant. You will need to follow the same processes, including proving your income, although your profession may mean that lenders are willing to look at your individual circumstances as part of the application process.

However, there are some specialised teacher mortgages and a few lenders who offer special mortgages specifically designed for professionals such as doctors, nurses and accountants. Certain lenders are more confident in allowing professionals to borrow a higher multiple of their salaries, as they are viewed as lower risk.

Their professionals are seen as stable, generating regular salary increases. For this reason, they may allow teachers to borrow up to 5.5 times their salaries, which can increase your budget significantly.

Is it easier for a teacher to get a mortgage?

The teaching profession, alongside other professions, is viewed favourably by mortgage lenders because of the inherent stability of the role.

Stability of employment, long-term job security and prospects, annual increments and the level of education required all serve to make teachers attractive prospects in the mortgage market.

However, other aspects can affect your application for a teacher mortgage. Length of employment, the type of teaching contract you have or an adverse credit report can all impact upon the process. As with any other mortgage applicant, it’s important to make sure your financial situation is optimised for your application. At Mortgage360, we’re here to help you do that.

Is it more difficult if you are also a first-time buyer?

Making the decision to step onto the first rung of the property ladder is a challenging time, but it needn’t be too difficult for you as a teacher. There’s lots of support out there, and you’re working in a favourable profession!

Teachers as first-time buyers don’t usually experience difficulties getting a mortgage. There can be some hurdles to jump through if you are a newly qualified teacher (NQT), a supply teacher or a trainee teacher, but we can help with that.

Many mainstream lenders are happy to consider first-time buyer teachers and also offer competitive rates.

Are there any mortgage schemes with specific benefits?

The government Help to Buy scheme which proved so popular is now closed, but there are other initiatives open for consideration by teachers.

Shared Ownership is another government scheme helping first-time buyers from all walks of life to purchase their own homes. Shared Ownership lets you buy 25% or more of your home and pay rent on the remaining percentage. However, there are a limited number of Shared Ownership homes on the market.

Launched in 2021, the government’s mortgage guarantee scheme offers participating lenders a guarantee to encourage them to lend to borrowers with only a 5% deposit. The scheme has recently been extended to December 2023.

For first time buyers, the government’s First Homes scheme offers newly built homes to key workers, at a discount of at least 30% of the market value compared to the market value of equivalent properties. The eligibility criteria will differ depending on where the property is located, and the number of First Homes being built is limited.

If you’re saving for a deposit, don’t forget Lifetime ISAs. If you’re aged 18-39, you can open a Lifetime ISA and save up to £4,000 a year. The government will then give you a bonus of 25% on your contributions, topping up your deposit savings.

Right to Buy could apply to you too as a teacher, if you’re a council tenant in England, helping you buy the home you’re renting at a significant discount.

At Mortgage360, we can advise on all aspects of mortgage benefit schemes and deposit saving – give us a call.  

Are mortgage rates lower for teachers?

Teachers can sometimes secure more competitive mortgage rates because of the perceived stability of their profession. However, every case is different and other aspects of your application will also impact the mortgage deal secured.

Affordability may also be viewed in a different light; many lenders are willing to advance up to and beyond the five times income ceiling to teachers, and more lenders will be favourable towards your application because of your secure profession, which means you will often qualify for better interest rates, reduced deposits or fees.  

Can newly qualified teachers get a mortgage?

Yes, but it can be more challenging, as contracts for newly qualified teachers (NQTs) are usually fixed term and you probably have no employment history.

However, many high street lenders do offer products for NQTs, and in some cases even before they begin their NQT year. At Mortgage360, we can advise and guide you on the process.  

Is it possible for supply teachers to qualify for a mortgage?

Again, yes, but it can be more difficult than for teachers on a permanent contract. It will also depend upon your personal situation – whether you are a long or short-term supply teacher or even a new supply teacher.

A two-year history and record of income from supply teaching is preferable, but there are lenders who look at individual case-by-case applications. We can help.

Can retired teachers get a mortgage?

Yes – there are a number of options for the retired teacher, aside from later-life lending products such as equity release or lifetime mortgages. Your teacher’s pension income will obviously play an important role here. Older borrowers can access retired teacher mortgages, often without age restrictions – specialist lenders may go beyond the usual age 70 limits.

Assessment will be the same as for any other mortgage applications, based upon your pension and any other additional income as well as your deposit (which may be the equity in an existing property).

If you are already a homeowner, it’s vital to take professional advice. Talk to us at Mortgage360 – we’re always honest, practical and impartial.

What kind of deposit is required?

Typical deposits for teacher mortgages are the same as for any other applicant. However, if you have a larger deposit, you’ll have more deals and more lenders to choose from, which means you will be able to secure a better mortgage deal.

What are the requirements for a teacher to be eligible for a mortgage?

Lenders base their mortgage assessments largely on risk and affordability, so as a teacher you will be viewed in a more favourable light.

If you’ve been qualified for some time and have a good credit history, you should be able to secure attractive loan terms.

Like every other applicant, you will need;

  • A positive credit report
  • Proof of identity and address
  • Evidence of your deposit
  • Proof of income
  • Proof of affordability

How can Mortgage360 help Teachers get the right mortgage

At Mortgage360, we have experience helping professionals to secure advantageous mortgage deals. We offer specialist advice and can access an extensive portfolio of mainstream and specialist lenders to help you find the right lender and the mortgage product that matches your individual circumstances.

We’ll take you through the application process and manage the administration – we understand the challenges of your working hours as a teacher and will work with you to make the process swift and easy. Talk to us!

Teacher Mortgage Advice

Here at Mortgage360, we can provide expert advice on all your mortgage and insurance needs.

Whether you’re ready to get started on your journey now, or you’d just like a no obligation consultation, we’d love to hear from you…

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There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, however we estimate this to be between £200 and £600.


See what our clients are saying....

Zoe Cameron
September 28, 2023

Great service from Mortgage360, following a recommendation from my financial advisor. They efficiently went through our criteria and found the best mortgage to suit our needs. Their comms are great, they kept me fully informed throughout. Thank you Gavin and Matt.

Barnaby Fox
September 14, 2023

Gavin/the team was extremely efficient and communicative through the whole process, resulting in getting a mortgage at a great rate.

Richard Fryer
June 30, 2023

After working with Matt from Mortgage 360 previously on our first mortgage he shows excellent customer service and caters for the needs of the client. Couldn’t be happier working with Mortgage 360 especially in the current climate as the business answers all the questions asked and takes the customers best interests into account.

Samia Umarq
May 15, 2023

Gav arranged my mortgage he was great throughout the process keeping informed, very friendly and knowledgeable highly recommend him.

R Virk
R Virk
May 10, 2023

Excellent service from Gavin Watson

I contacted Gavin Watson, as I was needing to remortgage my property quickly, as my previous fixed arrangement was due to end within weeks. Therefore, there was a sense of urgency on my part. I need not have worried as Gavin was very supportive and professional from the first contact to the completion of the new mortgage arrangement. He took the time to listen and explain all the options I had and guidance on the best option for my particular circumstance. Gavin ensured the remortgage was completed effectively and efficiently, not to mention, well within the timescale. If you are looking for a professional, who has the best interests at heart for his clients, then look no further. I highly recommend Gavin Watson, if you are in the market for a mortgage. Thank you so much Gavin for such an excellent service.

Angela Holder
Angela Holder
May 6, 2023

Great service from Matt for the second…

Great service from Matt for the second time. He was fast to give advice and extremely efficient in obtaining the best possible mortgage. The whole process was smooth and stress free.

Aiden palmer
Aiden palmer
May 4, 2023

Brilliant service!

Brilliant service!! Gavin has helped us so much to get our mortgage and we couldn’t have done it without him. We will definitely use him again in the future. Thankyou so much!

GALE Boyes
April 21, 2023

Absolutely amazing service from Matt can't thank him enough for securing our mortgage for our forever home considering our past credit history. Thankyou again Matt at pulsar. 100% recommend.

Jamie Chan
Jamie Chan
April 4, 2023

Matt continues to provide exceptional…

Matt continues to provide exceptional client services, and is very diligent in searching the market for the best deal. Highly recommended. Thanks, Jamie

Sue Alexander
Sue Alexander
March 16, 2023

I recommend Pulsar to everyone

I would recommend Pulsar to everyone. Gavin has been amazing helping me to buy my council house. As this is my first home purchase and I’m not young!! He made everything easy to understand and made the mortgage mind field easier to navigate, getting me the best deal. I know that ongoing support is there if and when I need it. Thank you Gavin x

David Ian
David Ian
March 3, 2023

Great service, friendly, prompt and professional personal recommendation led us to…

A personal recommendation led us to Pulsar F. S. Matthew Illingsworth was very helpful, prompt and supportive through the process of obtaining a bridging loan to purchase. The documentation explained our options and laid out the process clearly. Would full recommend to others.

Amanda Underhill
Amanda Underhill
February 27, 2023

Remortgage recommendation

Gavin has been absolutely amazing dealing with my remortgage. Professional but personable from the start, he has been able to secure the right mortgage for me and supported me through the process giving impartial advice and a range of options for me to consider. He’s provided timely support, and has been contactable to answer questions as needed - this has been exactly what I needed during a stressful time remortgaging during divorce negotiations. I’d highly recommend Pulsar Financial Services!

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