Mortgages for Teachers
Mortgages for Teachers in Scotland
Whether you are a probationer, newly qualified, on a temporary contract or a head teacher, lenders treat teaching jobs differently. Here is what lenders look for and how to make the most of your teaching income.
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There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
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Why It Can Be Different
Teaching Contracts Do Not Always Fit the Standard Box
Probation years, supply work and fixed term contracts can confuse some lenders. Others understand them well.
- ✓Probation: some lenders will lend during your probation year
- ✓Temporary contracts: often accepted with a track record or a renewal history
- ✓Supply teaching: usually based on average earnings over time
- ✓Pay scales: future pay rises are not usually counted until they happen
How We Help
How We Help Teachers
Five steps to getting the right mortgage.
Look at Your Contract
Permanent, probation, fixed term or supply all need a different approach.
Work Out Your Budget
We look at your salary, any additional responsibilities and your outgoings.
Find the Right Lender
Some lenders are far more flexible with teaching contracts. We know which.
Plan Around the Term
Summer holidays can be a great time to move. We will plan the timing with you.
Protect Your Income
Check what sick pay you get and whether extra cover makes sense.
Common Situations
Where Teachers Often Need Help
If one of these sounds like you, talk to us first.
Probationer Teachers
On the Teacher Induction Scheme? Some lenders will lend based on your probation salary.
Check My Options →Fixed Term Contracts
Many lenders accept these, especially with a history of renewals.
Talk It Through →Supply Teaching
Usually based on your average earnings, often over 12 months or more.
Get Straight Advice →Newly Permanent
Just got a permanent post? That can open up more lenders and better rates.
Book a Chat →Maternity Leave
Lenders can often use your full salary if you have a return to work date.
Ask a Question →Moving Schools
Changing council or school does not always stop you getting a mortgage.
Talk It Through →Common Questions
Teacher Mortgage Questions, Answered
The things teachers ask us most.
Can I get a mortgage as a probationer teacher?
Often, yes. Some lenders will lend during your probation year based on your salary.
Do teachers get better mortgage rates?
Not usually special rates, but some lenders may offer higher borrowing for certain professions. We will check what applies to you.
Can I get a mortgage on a temporary teaching contract?
Yes, many lenders accept fixed term contracts, especially if you have a history of renewals.
How do lenders treat supply teacher income?
Usually by averaging your earnings over a period, often 12 months or more.
Can I buy a house during the summer holidays?
Yes. Many teachers like to move then. Plan your mortgage in principle early so you are ready.
Will my next pay rise be counted?
Usually not until you are actually being paid it.
Related guides
- Mortgage on probation or a new job
- Buying a house in Scotland step by step
- How much can I borrow?
- All mortgage questions answered
Written by Tony Flynn, mortgage broker at Tony Flynn Mortgages, helping homebuyers across Lanarkshire and Scotland. This page is general information, not personal advice. Speak to Tony about your own circumstances.
Get in Touch
Teacher Looking to Buy?
Fill in the form and we will be in touch within one working day. Tell us about your contract and we will tell you straight what you could borrow.