Mortgages for Supply Teachers

One of the questions that we are asked time and time again by supply teachers is ‘will I be able to secure a mortgage?’ The answer is yes!

As a supply teacher, you can borrow based on your teaching contract rather than your umbrella payslips. This means that you can often borrow more and at the same rates that permanent teachers can secure at their local branch. 

Will supply teachers be eligible for a mortgage?

If you have been a supply teacher for at least one year and have a contract in place then the specialist advisers at Contractor Financials will be able to help you secure a mortgage this half term. Most lenders require you to have at least three months remaining on your contract but if you have a proven track record as a supply teacher and can demonstrate the likelihood of you securing another contract which would allow you to work at the same capacity and income, then there are some lenders that will offer you a mortgage with as little as one week remaining on your contract. The good news about working with a specialist broker like Contractor Financials is that they can speak directly with the decision makers at the lenders centralised processing units and explain your case so that the underwriter will consider your individual situation. 

There are a wide range of lenders that will lend to supply teachers based on your contract and here are some examples of the types of mortgages available: 

Best 40% LTV Variable Rate Mortgage

If you have a large deposit or equity held in your existing property then you can secure a 40% Loan to Value (LTV) mortgage at 1.15% on a two year variable rate with a £999 fee.   

Best 80% 2 Year Fixed Rate

If you have a 20% deposit to put down then you can secure a two year fixed rate mortgage at 1.99% on an 80% LTV with a £999 fee.   

Best 90% LTV Variable Rate

A three year variable rate mortgage at 3.75% on a 90% LTV with a £500 fee which is a very competitive rate if you have managed to save a 10% deposit.   

The fees on all of these mortgages can be added to the loan so you won’t need to pay the lenders' fee upfront.

So, before you start searching for your new home, get in touch with Contractor Financials on 0333 370 8888 or email then directly at

Why Orange Genie Education?

We employ and pay thousands of supply teachers and education support staff every year. Our employment portfolio stretches over 10 years in the umbrella industry making Orange Genie Education one of the most trusted umbrella brands. With this in mind, there’s no wonder we have long lasting relationships with hundreds of recruitment agencies all over the UK. Upon joining Orange Genie Education you become an employee of ours benefiting from:

Single employer for all assignments

  • One payment for all different agency assignments completed in a week
  • Simplified and efficient taxation from single tax code
  • Guaranteed pay for the work completed
  • Continuous employment rights
  • Maternity and Paternity pay
  • Sick pay
  • Access to a workplace pension
  • Statutory rights
  • Improved personal credit references and rating
  • Save over £700 with Orange Genie Rewards

Reassurance our supply teachers are employed by an FCSA member that protects and supports contractors. Our aspiration is to improve the lives and wellbeing of supply teachers and education support staff.

Get started HERE with OrangeGenie Education and get paid on time every time >>

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