Securing a supply teacher mortgage in the UK has become increasingly popular over the past decade. As specialist mortgage brokers, we receive numerous inquiries about the supply teacher mortgage application process. This guide addresses questions such as “Can I get a supply teacher mortgage?” and “How do I apply for a mortgage as a supply teacher? 

We all know that Education is widely regarded as one of the most critical aspects of our entire civilisation. Also, the education sector is nothing without our qualified teachers. Supply teachers play a crucial role in assisting the state and some private institutions in providing a stable platform for students. Yet, despite occupying a critical and valued role in society, supply teachers can sometimes find it difficult or even impossible to obtain a mortgage. Mortgages for teachers come up with different challenges, which we will discuss in this mortgage guide ahead. Some mainstream lenders have mortgages for teachers schemes such as ‘first homes’ aimed at Key Workers or Professionals. In what follows, we will examine mortgages for supply teachers, the origin of the problem and, more importantly, potential solutions.


Take our supply teacher mortgage quiz




Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us

Supply Teacher Mortgages

Working as a teacher comes with its challenges and rewards also. Affordable Teacher Mortgage could be one reward that you can get as a professional teacher. A mortgage for a supply teacher can sometimes be easier to obtain when compared to other professions. Most Niche Lenders often favour a qualified teacher over other professionals for the loan. For example, teachers building society understand teachers’ needs and requirements and could offer impossible deals to a specialist lender. Teachers Building Society in the UK has been helping teachers and similar educational professionals to climb onto the property ladder for over 50 years. The company has helped thousands of people achieve their dream homes through affordable loans. They understand how important your career choice is, and they want to help you make sure that you do not miss out on any opportunities because of financial constraints. If you are looking forward to buying a house, you should consider applying for an affordable mortgage deal. You may need to provide proof of employment along with details about your salary structure. It is also worth noting that to qualify for a teacher mortgage, a professional must be a teaching assistant with NVQ level 3. This means that you would require a minimum of three years of experience working within schools. However, if you plan to apply for a mortgage after only two years of work, you might face difficulties.

What Does a Supply Teacher Mortgage Mean?

A supply teacher mortgage is specifically designed for educators with temporary or variable contracts, addressing their unique financial situations.

The term ‘supply teachers mortgage’ refers to a type of mortgage offered by banks and building societies specifically designed for those wishing to buy a new-build property. These types of mortgages are usually available to individuals who are employed in education and are eligible to teach full-time. There are many benefits associated with these kinds of mortgages, including lower interest rates than standard mortgages, flexible repayment options, and no application fees. A typical supply teachers’ mortgage offers competitive fixed-rate products ranging between 2% – 4%. As mentioned earlier, there are various reasons for offering mortgages to teachers. One reason is that teachers are considered key workers, and therefore, they deserve special treatment. Another reason is that teachers are highly respected members of society and hence, lending companies feel obliged to give them preferential treatment. Moreover, teachers tend to spend long hours away from their families during school holidays to dedicate themselves fully to their profession. Therefore, it makes sense to lend money to someone who spends long periods away from their family.

If you are a keyworker looking for a mortgage, feel free to read our article on keyworker mortgages.

Advantages of Getting a Supply Teacher Mortgage

Explore the benefits of securing a supply teacher mortgage, including competitive rates and flexible terms.

There are several advantages of getting a teacher’s mortgage. Some of which include:

  • Lower Interest Rates – When you take out a teacher’s mortgage, you will enjoy low-interest rates. In fact, most lenders offer up to four per cent or even less. On top of this, some lenders offer zero per cent interest for five years.
  • Flexible Repayment Options – With a teacher’s mortgage, you can choose to pay back your monthly instalments either weekly, fortnightly, or quarterly depending upon your convenience. Also, you can opt for a lump sum payment option at any time without having to worry about penalties.
  • No Application Fees – Unlike traditional mortgages where you have to submit documents such as credit reports, income tax returns, etc., a teacher’s mortgage doesn’t involve any paperwork. All you need to do is fill out a simple form online and wait for approval.
  • Tax Benefits – Since teachers are regarded as high earners, they receive certain tax breaks. For instance, if you earn more than £50,000 per annum, you won’t have to pay capital gains tax. Furthermore, if you are self-employed, you don’t have to pay corporation tax.
  • Better Loan To Value Ratio – Teachers are viewed as higher-earning individuals, so they generally command better loan-to-value ratios. Hence, you’ll find yourself paying much lesser amounts when compared to borrowers whose salaries aren’t quite as good.
  • More Choices – While you may struggle to find suitable properties while searching for a regular mortgage, finding a teacher’s mortgage shouldn’t pose too big of a problem. Most lenders provide loans on both residential and commercial properties. However, be careful not to over-extend yourself because you might end up losing control over your finances.
  • Higher Equity Loans – If you’re looking to purchase an investment property, then you should consider taking out a teachers’ mortgage instead of a conventional one. This is because equity loans allow you to borrow against the value of your home rather than just its price tag. Thus, you get access to greater borrowing power.
  • Less Risky Lending Practices – Most people think that only rich people qualify for a teacher’s mortgage, but this couldn’t be further from the truth. In reality, anyone who earns above £30,000 qualifies for a teacher’s mortgage. What’s more, most lenders also make sure that applicants meet all other criteria before approving them.
  • Access to Specialised Products – Teachers often work hard throughout the year, and thus, they require financial assistance to help fund their lifestyles. As such, many banks now specialize in providing products specifically designed for teachers. These range from personal loans to business finance options.
  • Easy Credit Score Requirements – Many people assume that applying for a teacher’s mortgage requires a perfect credit score. But this isn’t true since most lenders accept scores ranging between 620 and 680.
  • Low Down Payment Requirement – You don’t necessarily have to put down 20% of the total cost of buying a house with a teacher’s mortgage.

Challenges Faced by Supply Teachers

Supply teachers often face significant hurdles when applying for mortgages. The primary challenge is the lack of a permanent contract, which can make income verification difficult. Lenders typically prefer applicants with stable, predictable incomes, making it harder to secure a supply teacher mortgage. Additionally, supply teachers may have gaps in their employment history due to school holidays, further complicating the application process.

Why Is It Difficult to Get a Supply Teacher Mortgage?

Understand the challenges faced by supply teachers in obtaining a supply teacher mortgage and how to overcome them.

The most significant single difficulty in obtaining supply teacher mortgages arises from the status of your occupation. As a newly qualified teacher seeking a mortgage, you may have experienced a refusal from a street lender because of your no employment history.

Typically, supply teachers are considered to be temporary workers. By definition, you won’t have a full-time employment contract, and both the duration of your teaching assignment and its potential options for an extension can be challenging to predict by any supply teacher mortgage specialist.

This might mean that for many seeking agency teacher mortgages, conventional mortgage lenders will face the considerable problem of not being sure about your income over the period ahead. In a sense, temporary employment status can be more of a problem in finding mortgages than self-employed.

A closely related inhibitor arises because agency workers typically do not receive income during holiday periods. Given the lengthy and extended nature of school holidays in the UK, that means that for much of your financial history over 12 months, you will appear to have no verifiable income from the viewpoint of a potential mortgage lender.

Supply teachers often face challenges in securing a mortgage due to their employment status. This section explores why obtaining a supply teacher mortgage can be more difficult compared to traditional employment.

Fortunately, we at Ltd may be able to assist you in finding a solution. It is always better to connect with a specialist mortgage broker who can help you to connect with a suitable lender with the most affordable mortgage rates. In addition, we can help you with a range of mortgage schemes and get you onto the property ladder.

Choosing the Right Lender

When seeking a supply teacher mortgage, it’s essential to choose the right lender. Specialist lenders who understand the education sector may offer more favourable terms than mainstream banks. Consulting with a mortgage broker experienced in working with supply teachers can also be beneficial.

Qualification Criteria for a Supply Teacher Mortgage

Learn what you need to qualify for a supply teacher mortgage, including employment proof and credit score requirements.

The good news is that not all mortgage lenders necessarily take a very fixed view of agency teaching and the associated requirements for supply teacher mortgages.

Some lenders understand the slightly unpredictable nature of your income and contract position. As a result, they may be much more flexible in accepting short-term contract commitments in certain situations:

  • Even if your contract is temporary, if it has a significant period left to run going forward into the future, some specialist lenders may consider that as evidence of income;
  • If you can provide evidence of income (even if there are gaps due to holidays) over the preceding 12 to 24 months, so much the better. That evidence would typically consist of remittance advice, taxation statements or bank account statements;
  • Suppose you are relatively new to this domain of employment with not a great deal to show by way of history. In that case, some providers of agency teacher mortgages may assess your application objectively based on common sense rather than standard computer-controlled assessment algorithms.

How much deposit will I need for a supply teacher mortgage?

As is the case with virtually any mortgage applicant, irrespective of their employment position, the larger the deposit you offer, the more likely it is that you will get a fast and positive outcome to your application. The larger deposit, such as 10-15%, could give access to previously unavailable lenders. Also, if you can’t afford a sizeable deposit mortgage as a supply teacher, you could put forward a minimum of 5% deposit from your financial resources. It is better to contact specialist mortgage advisors who can help you with a low deposit and better rates.

Additional Tips for Your Supply Teacher Mortgage Application

Enhance your chances of approval for a supply teacher mortgage with these practical tips.

It is essential to recognise that there are many factors used by potential mortgage providers when they are considering agency teacher mortgages. Evidence of your income over time and your contract going forward are only two of them.
Other factors that might be pertinent will typically include:

  • the amount you are looking to borrow will need to be seen to be affordable – not just in terms of your salary but also in terms of your other current monthly outgoings. This is part of the duty of care all licensed mortgage providers must demonstrate through assessing affordability criteria. That is a statutory requirement designed to protect your interests;
  • the property you are considering will need to be seen to be sensibly valued when reviewed against an object valuation of it against market norms;
  • you will be expected to have an acceptable credit history score. Please note – this does not mean that you need to have an impeccable credit history record! Many people have minor glitches on their credit histories, and these are rarely considered showstoppers by potential lenders of supply teacher mortgages. If you have particularly serious problems with your history, it may increase the interest rate you will be expected to pay, and of course, any mortgage lender will reserve the right to decline an application if your history is particularly bad;
  • it may be possible to consider your partner’s income in situations where they will be a joint applicant and joint owner of the property concerned;
  • typically, your mortgage application must relate to a property in the UK, and you will need to meet other criteria relating to proof of identity through things such as passports, driving licences and most importantly, your presence on the electoral roll.

Can I get a supply teacher to mortgage with bad credit?

Find out how to secure a supply teacher mortgage even if you have a poor credit history.

Yes, you can get a supply teacher loan even if you have an adverse credit score. Whatever is your situation, at ltd, we deal with all kinds of bad credit mortgages by giving the most suitable financial advice. We are also the only specialist broker with the most affordable broker fees, which will fulfil all the requirements. You only need to provide us with your adverse credit details information with complete honesty, and our experienced mortgage broker could help you grab the appropriate mortgage deal.

Next Steps – Supply teacher mortgages

Discover the steps you need to take to apply for and secure a supply teacher mortgage.

We offer our assurance that we fully understand the frustration many supply teachers feel when they experience difficulty in securing a mortgage. There is, though, no need to become demoralised, and we may well be able to assist you in finding a way forward. We invite you to contact us at your earliest opportunity for an entirely confidential and non-committal discussion of your needs.


FAQs – 

Can I get a supply teacher mortgage?

Yes, you can get a supply teacher mortgage but you need to pass the mortgage affordability criteria set by the mortgage lenders. If you face any mortgage affordability issues, you can contact a mortgage advisor who can help you with the most suitable mortgage deal. 

Can I get a mortgage for teachers if I am having a bad credit score?

Yes, you can get a mortgage as a teacher with a poor credit score too but you may need to put in a higher deposit. Although, some mortgage lenders will approve your mortgage application because of the fact that you working in the education sector. The first thing you need to do is to contact an expert mortgage broker  before starting your application process. 

Do Supply teachers get help with buying a house UK?

Unfortunately, you won’t get any additional help in buying a house as a supply teacher but you can apply for government schemes like help to buy as a first-time buyer.

Does it matter how long I have been A Supply Teacher?

No, it doesn’t matter how long you have been a supply teacher. However, there are certain factors that affect your chances of getting a mortgage. For example, if you have been a supply teacher for less than 3 years then you might find it difficult to get a mortgage. It is better to contact a suitable mortgage advisor for your application. 


About The Author

mortgage broker damian youell

See some of Damian’s client reviews below

Damian is an experienced mortgage broker, founder of Ltd and company director. With over a decade working as a mortgage broker he has a strong understanding of hard to place mortgage cases. With hundreds of 5 star client reviews. hundreds of repeat clients his work speaks for himself.

He started as a one man band with the philosophy of putting clients needs ahead of his own. This ethos of offering excellent customer service has helped the business grow over the years. He gets satisfaction on getting cases pushed through to offer stage where other mortgage broker and companies have failed.

Throughout his time as an adviser he has carved out a niche area of advice helping clients with their business protection requirements too. Having helped hundreds of client with Relevant Life Policies, Shareholder Protection Insurance, Keyperson Policies and other important protection requirements of large to small businesses.

At home he is a family man and likes to spend his time with his four children and wife Lisa. He enjoys going on holidays spending time with friends and going for walks.