Tipton & Coseley Building Society has introduced several new products to its mortgage range, with a particular focus on limited company buy to let and expat borrowers.
Among the changes is the addition of a two year fixed rate of 5.89% for limited company buy to let purchases. The loan to value (LTV) ratio is 70% and the product comes with a £1,999 fee.
Expat buy to let mortgages now start from 5.14% for new purchases at 70% LTV. This rate is fixed for two years and there is an arrangement fee of 2% of the total amount borrowed.
To support expat residential purchases, the Tipton has retained its existing three year fixed rate of 5.70% but increased the LTV ratio from 80% to 90%. The £1,499 fee is unchanged.
A two year fixed rate option is available for expat residential borrowers, also at 90% LTV. This product rate has been trimmed by 0.15% to 5.84% and the fee reduced from £1,499 to £999.
Elsewhere in its range, the Tipton has extended end dates to 31 October for selected residential and shared ownership mortgages, which are fixed for terms of three and five years respectively.
Jason Newsway, the Tipton & Coseley Building Society’s chief commercial officer, said: “We constantly review our product offering to ensure brokers and their customers have greater choice to meet their borrowing needs.
“This includes landlords operating through limited company structures, expat borrowers and customers looking to access a home via shared ownership.
“Our focus remains on providing flexible, accessible and competitive products that help brokers place more cases with confidence.”
