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.”

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