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Tipton launches shared ownership range

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The Tipton and Coseley Building Society has launched a range of shared ownership mortgages.

The loans will be available up to 90 per cent LTV of the share being bought.

The rates on offer include a 3.79 per cent deal on a three-year product with no completion fees and an application fee of £199.

The lender is also launching a 3.89 per cent term discount with free standard valuation and no early repayment charges.

Tipton and Coseley head of mortgage sales Richard Groom says: “We are confident that these new products will prove to be very popular with first time buyers across the country who, initially at least, cannot afford to buy a home outright.

“These are still challenging times for first time buyers but shared ownership is one of a number of initiatives the Tipton has available for anyone thinking about buying their first home.”

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