Council backs teacher mortgage scheme

Warrington Guardian: Council backs teacher mortgage scheme Council backs teacher mortgage scheme

TEACHERS looking for their first home can still take advantage of a mortgage support scheme from Warrington Borough Council.

Launched by the council and Teachers Building Society in July the scheme aims to help potential first-time buyers who could afford monthly mortgage repayments but struggle to raise the hefty deposit for a mortgage.

The council will back a proportion of the loan so the lender can provide a 95 per cent mortgage on favourable terms.

To be eligible the applicant must be a teacher or educational professional, looking to buy in Warrington, be a first-time buyer and the property must be no more than £157,850.

For more information contact Teachers Building Society on 0800 378 669. Lines are open Monday to Friday from 8am to 6pm.

For joint applications, only one applicant needs to work in education.

For more information on the eligibility criteria visit teachersbs.co.uk/mortgages/LAMS.

Comments (3)

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2:38pm Tue 27 Nov 12

Nick Tessla says...

How nice to see one part of the public sector supporting another part of the public sector - while the rest of us struggle along . -still I imagine that a greater number of councillors have relatives/friends working in education than the rest of us poor saps.


1) Do the members of this selected group have to be working in Warrington?
How nice to see one part of the public sector supporting another part of the public sector - while the rest of us struggle along . -still I imagine that a greater number of councillors have relatives/friends working in education than the rest of us poor saps. 1) Do the members of this selected group have to be working in Warrington? Nick Tessla
  • Score: 0

8:33pm Tue 27 Nov 12

old-codger says...

The council and council employee,s getting more benefits whilst the rest of us have car parking charges increased and residents being forced to buy permits to park outside our homes to replenish council coffers.

Which planet do these people live on.
The council and council employee,s getting more benefits whilst the rest of us have car parking charges increased and residents being forced to buy permits to park outside our homes to replenish council coffers. Which planet do these people live on. old-codger
  • Score: 0

7:09pm Wed 28 Nov 12

annie1275 says...

Nick Tessla wrote:
How nice to see one part of the public sector supporting another part of the public sector - while the rest of us struggle along . -still I imagine that a greater number of councillors have relatives/friends working in education than the rest of us poor saps.


1) Do the members of this selected group have to be working in Warrington?
Why should teachers be any different to anyone else?..I agree Nick,support their own and sod everyone else.
[quote][p][bold]Nick Tessla[/bold] wrote: How nice to see one part of the public sector supporting another part of the public sector - while the rest of us struggle along . -still I imagine that a greater number of councillors have relatives/friends working in education than the rest of us poor saps. 1) Do the members of this selected group have to be working in Warrington?[/p][/quote]Why should teachers be any different to anyone else?..I agree Nick,support their own and sod everyone else. annie1275
  • Score: 0

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