Teacher mortgages in Liverpool

Many schools now only offer newly qualified teachers (NQT’s) a 12-month initial contract as standard. This can prove a problem for many teachers if they want to buy a property. This is because most of the high street mortgage lenders will class them as a “contract worker”. As such teacher mortgages will require you to have 12 months in the role.

Fortunately, some smaller lenders are more sympathetic to this situation and will consider an application without the 12-month history.

Things to be considered:

  • No previous employment history required (so it’s fine if you have been studying up until now).
  • A 12-month first post-contract can be treated the same as a permanent role.
  • Mortgages available up to one month before the start of the first contract (so you can apply in the August for example)
  • Up to 95% loan to value.

    If you are a newly qualified teacher and would like to discuss your mortgage options as a first time buyer in Liverpool, then please don’t hesitate to contact us.

Date Last Edited: August 7, 2023