Tipton to lend against retirement properties

The Tipton & Coseley Building Society has expanded its lending criteria to include retirement properties.

The building society says that this is a continuation of its “lifecycle lending strategy”, which includes its retirement interest-only mortgage with no end date or upper late limit, launched in June this year.

Commenting on the extension, Tipton & Coseley director of sales and marketing Cammy Amaira (pictured) says: “After listening to our customers and intermediaries, we’re making it easier for people to borrow against retirement properties. Traditionally, lenders have steered away from this area, but we view retirement properties as integral to our strategy of helping older borrowers.”



Tipton offers new Airbnb mortgage

Tipton & Coseley Building Society has launched a new mortgage for Airbnb hosts. The building society will now accept mortgage applications for second homes and holiday lets where the borrowers wish to let the property out via the Airbnb website. A recent investigation by Mortgage Strategy found that few lenders are willing to provide mortgages […]


Tipton launches retirement interest-only range

The Tipton has launched a retirement interest-only mortgage with no end date or upper age limit. The building society has also removed the age limit on its standard mortgages. The new products require an interest-only monthly payment until the borrower dies or moves into permanent long term care, at which point the mortgage is repaid. […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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