The Teachers widens lending to all occupations

The Teachers widens lending to all occupations

The Teachers Building Society is increasing the availability of its mortgage service by lending to people of any occupation.

Intermediaries can now submit any cases for consideration to the Teachers, regardless of their clients’ occupation.

The multi says its move supports its plans for growth and is also aimed at strengthening the positive relationship with intermediary partners following a re-entry to the intermediary market in 2011.

Simon Beresford, chief executive of Teachers Building Society, said: “We take an individual approach at Teachers, assessing on a case by case basis, so intermediaries can now benefit from this whether their clients are in the education sector or not. Our specialist service for teachers is unchanged.”

Danny Belton, head of lender relationships at Legal & General Mortgage Club, added: “Small regional building societies, such as Teachers Building Society, are growing volumes through good criteria and sensible manual underwriting.

“This positive move by Teachers Building Society allows more Intermediaries to help more customers take advantage of their good proposition.”