Teachers for Intermediaries has added two new 90 per cent LTV variable mortgage products to its range.

The new deals from the intermediary arm of Teachers Building Society’s are aimed at teachers and other professionals with smaller deposits.

A two-year discounted variable rate product is available at 2.99 per cent with a £199 fee for qualified teachers, while the same product is available for any other profession at 3.29 per cent.

Lending up to five-times single or joint income is available across the full product range.

Teachers Building Society head of product and marketing David Leek says: .

“We’re delighted to be in a position to be able to provide a range of highly competitive low rate, low fee 90 per cent LTV mortgage products to our intermediary network. We want the intermediaries that we work with to be best placed to assist first time buyers and those with smaller deposits with mortgages that combine a great low rate with a very low fee, and these products will add to their arsenal.

The lender also offers these mortgages to Newly Qualified Teachers on 12 month contracts  and NQTs with a proven job offer. The mortgage can commence up to two months before the first post begins.

Joint applicants where only one borrower is a teach also qualify for the products.