It slashes product rates by 15bps
Tipton & Coseley Building Society has lowered rates on its shared ownership mortgage range, with reductions of 15 basis points (bps) on residential purchase and remortgage products.
For both new and existing customers, the repriced products include a 5.64% residential purchase five-year fixed rate at up to 95% loan-to-value (LTV) with a £999 arrangement fee.
Also getting a rate cut is the 5.74% residential remortgage three-year fixed rate at 95% LTV with a £999 arrangement fee, £350 valuation fee, and £250 cashback towards legal fees.
“The Tipton has once again responded by supporting borrowers with these new competitive rates for our shared ownership products,” Becky Wheeler, marketing and product manager at Tipton & Coseley Building Society, commented.
“These new rates will help brokers and their clients who are seeking to make their first step on to the property ladder.”
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