Tipton & Coseley Building Society has reduced rates across its Shared Ownership mortgage range.
Effective from today (20th December 2023), the Tipton reduced rates on its residential purchase and remortgage Shared Ownership products by 0.15%.
The new rates for new and existing customers include a residential purchase at maximum 95% loan-to-value (LTV) with a £999 arrangement fee at 5.64% and a residential remortgage at 95% LTV with a £999 arrangement fee is 5.74%.
This includes up to £350 valuation fee contribution and £250 cashback towards legal fees.
Becky Wheeler, marketing and product manager at the Tipton, said: “The Tipton has once again responded by supporting borrowers with these new competitive rates for our Shared Ownership products.
“These new rates will help brokers and their clients who are seeking to make their first step onto the property ladder.”
