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Tipton & Coseley BS enhances BTL lending criteria

Tipton and Coseley Building Society has announced enhancements to its buy-to-let product criteria.

The society says the move is part of Tipton’s ongoing commitment to supporting landlords, following cuts to buy-to-let tax relief introduced by the government in 2017.

Tipton has reduced its interest cover ratio calculation for experienced landlords for both basic and higher rate taxpayers. The required rental cover has been reduced to 125 per cent and 130 per cent respectively.

An experienced landlord is defined as someone who currently holds, or has held, at least one buy-to-let property within the past 12 months.

Tipton is also reducing its minimum age on application from 25 to 21-years-old on all of its buy-to-let products.

Tipton and Coseley Building Society director of sales and marketing Cammy Amaira (pictured) says: “Recent cuts to tax relief have made buy-to-let investing more challenging for new and experienced landlords. At the Tipton, we hope that these favourable changes to our stress rates for experienced landlords and a reduction in the minimum application age will help landlords regain momentum.”



Tipton & Coseley BS launches joint borrower sole proprietorship

Tipton & Coseley Building Society has launched joint borrower sole proprietorship for first-time buyers and homemovers. The launch is designed to help family members assist each other on to the property ladder or move home, by boosting their affordability. A joint borrower sole proprietor mortgage typically allows a parent to help their child buy a home by joining their mortgage. But unlike a standard joint mortgage, the […]

Tipton & Coseley enhances first-time buyers mortgage

Tipton & Coseley Building Society has enhanced its family assist mortgage product, which is designed for parents looking to help their children get on the housing ladder. This product – called the ‘100% Family Assist’ – has reduced the collateral charge on the parents’ home. It also now offers the alternative of paying a cash […]


The Tipton appoints BDM to London and South East

Tipton and Coseley Building Society has appointed Paul Sawford as business development manager for London and the South East of England. Sawford joins from conveyancing firm My Home Move where he spent five years as a regional development manager. The society says the appointment reflects its strategy of “building its presence and delivering value to brokers […]

How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]


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