Tipton & Coseley Building Society has made a series of rate reductions across its residential and buy-to-let (BTL) product ranges, effective from today, Friday 19 January.
The new rates for residential purchase mortgages include a 4.99% fixed rate to 31 May 2026 at 75% loan-to-value (LTV) with a £999 arrangement fee, a 5.40% fixed rate to 31 May 2026 at 90% LTV with a £999 arrangement fee, a 5.34% fixed rate to 31 March 2029 at 95% LTV with a £999 arrangement fee; and a Shared Ownership 5.57% fixed rate to 31 March 2029 at 95% LTV with a £999 arrangement fee.
The new rates for its BTL ex pat mortgages include a purchase product at 5.64% fixed to 28 February 2029 at 70% LTV with a £1,499 arrangement fee; as well as a purchase product at 5.84% fixed rate to 28 February 2029 at 75% LTV with a £1,499 arrangement fee.
In its BTL ex pat remortgage range, a 5.74% fixed rate to 28 February 2029 at 70% LTV with a £1,499 arrangement fee is now available; along with a 5.94% fixed rate to 28 February 2029 at 75% LTV with a £1,499 arrangement fee.
Jason Newsway, director of sales and marketing at the Tipton, said: “We have continued our support to borrowers, new and existing, with cuts to our Residential and buy-to-let ex pat fixed rate product range.
“We’ll work to offer competitive product rates during the course of the year as market conditions improve and Bank of England lower interest rates.”
