Newly Qualified Teacher Mortgage Advice in Halifax

So you have passed all the exams you need and have reached your goal of becoming a newly qualified teacher. Your next step is finding your dream teaching job and start in the classroom. If you are located too far from the particular school you are looking to work at, you may find yourself looking at the option of moving house in Halifax.

You may find juggling a place to move and the struggle of homeownership alongside settling into your new job as a teacher to be stressful, however, this situation is common. As a Mortgage Broker in Halifax, we have helped numerous customers in this situation.

Newly Qualified Teacher Mortgages

As a newly qualified teacher, it can be tough finding a lender that will offer you a mortgage. This is due to the fact that you will have no history of employment or being on a temporary contract. Despite this being a constraint, don’t worry, getting a mortgage as a newly qualified teacher can be achievable.

In some circumstances, lenders may offer good deals that benefit individuals in this particular sector. Finding the most suitable lender is important, but can be a struggle, however, this is where we can help. Our expert mortgage advice team in Halifax can find you the most suitable deals and rates by searching through 1000s deals.

What mortgages for NQT teachers may be available?

Depending on cirNewly Qualified Teachers can be offered a range of types of mortgages such as:

  • Fixed-Rate Mortgages
  • Shared Ownership Mortgages
  • Variable-Rate Mortgages

Below is the following point lenders may factor in:

  • No previous employment history is required.
  • Mortgages are available up to one month before starting the first contract (so you can apply in August, for example).
  • Up to 95% loan to value.
  • A 12-month first post-contract can get treated the same as a permanent role.

How a Mortgage Advisor in Halifax may Help

Through our countless years of experience working in the industry, our knowledgeable and dedicated Mortgage Advisors in Halifax have helped people with various mortgage situations. Having a trusted Mortgage Broker in Halifax by your side can be massively beneficial.

Contact us and our team can help look at your options and find out more about your situation to see if you will be eligible to get a mortgage that fits your circumstances.

Date Last Edited: February 20, 2024