Tipton & Coseley Building Society has added a selection of 90% loan to value (LTV) products to its expat residential mortgage range.
There are two and five year fixed rates available, plus a variable rate option presented as a two year discount.
Existing 85% LTV products are retained, leading to a broader and improved range that starts from 5.39%.
Becky Wheeler, head of product and sales operations at the Tipton, said: “We are pleased to be extending the opportunity to purchase a home in the UK to a wider number of expats.
“Increasing our maximum LTV to 90% means a smaller deposit is required. This creates more choice within the segment for brokers and their clients, who may be able to buy sooner as a result.”
The Tipton’s two year fixed residential expat mortgage at 90% LTV has a rate of 5.75% and a £1,400 arrangement fee. The five year fix also has a rate of 5.75%, while the two year discount is priced at 5.90%.
In addition, the Society has updated its offering for expat buy to let borrowers, introducing two year fixed rate deals at both 60% and 80% LTV.
These have rates of 5.90% and 6.00% respectively and sit alongside a choice of three and five year fixed rate options, as well as a two year discount.
