Tipton & Coseley Building Society reintroduces high income multiple mortgages
The lender is once again offering loans of up to 6.5x income for eligible borrowers through a 2-year discounted purchase mortgage at up to 80% loan-to-value (LTV).
Tipton & Coseley Building Society has reintroduced high income multiple mortgages and reduced rates across parts of its residential and buy-to-let (BTL) ranges.
The lender is once again offering loans of up to 6.5x income for eligible borrowers through a 2-year discounted purchase mortgage at up to 80% loan-to-value (LTV), priced at 5.59% with a £999 arrangement fee.
The Tipton has also reduced rates for selected expat residential products.
Its 2-year discounted mortgage at 90% LTV has fallen by 0.21% to 5.69%, while the £1,499 arrangement fee has been removed.
The lender has also launched a 3-year fixed-rate expat residential mortgage at 5.69% up to 70% LTV, alongside additional fixed-rate options at 80% and 85% LTV.
Within its buy-to-let range, Tipton has introduced a 2-year fixed-rate expat mortgage at 5.64% up to 70% LTV.
Its limited company buy-to-let mortgages now start from 4.69%, fixed for 2-years at 60% LTV.
Becky Wheeler, head of product and sales operations at Tipton & Coseley Building Society, said: “We appreciate the market is challenging at the moment as brokers contend with frequent product changes and price fluctuations.
“Our commitment is to maintain a competitive position by sharpening our rates where we can and introducing products across a broader range of LTV bands.
“This creates choice and could enable clients to act more quickly on their homebuying plans.”
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