Tipton & Coseley Building Society website

  • Personalised UW approach with no credit scoring on all case scenarios
  • Income multiples up to 5.5 x LTI
  • Joint Borrower Sole Proprietor utilising split terms to support affordability
  • Shared ownership where we will lend up to 95% of the applicants share including on new build flats
  • Expat residential applications using actuals instead of a haircut, which often enhances affordability
  • Second/Holiday Homes – that can be used for personal use and let out on a short-term basis i.e Airbnb
  • Residential Interest Only up to 75% LTV, with no minimum income, up to age 75, using downsizing as a repayment strategy
  • Later Life Lending to age 95 up to 75% LTV, I/O options using downsizing (RIO is also available)
  • Family Assist – 100% mortgage for applicants using a family members savings or a collateral charge for their deposit
  • Expat BTL with no minimum income required, covering circa 50 countries

USPs

  • Manual Underwriting
  • No Credit Scoring
  • Standard 4.49x LTI applies (loans not deducted from multiple)
  • Joint Borrower Sole Proprietor
  • Long term contractors (CIS) underwritten on against gross income
  • Holiday Homes – for personal use with ability to arrange short term lets accepted
  • Interest Only – Up to 60% LTV with downsizing as the repayment vehicle
    • Up to 75% with a recognised repayment vehicle
  • Later Life Lending – we lend both IN and INTO retirement
    • We can lend up to an applicant's 95th birthday
    • We also offer Retirement Interest Only mortgage (RIO)
    • We will consider lending on retirement homes for the over 55s
  • Family Assist – this product offers applicants up to 100% LTV with family assistance

*Products from Tipton & Coseley Building Society can be accessed by using Next Intelligence as your payment route or you can use our packaging service. Please contact us for further details.