Tipton and Coseley Building Society has made its limited company buy-to-let products available to the full broker market.

Previously only open to select intermediaries, the products include fixed and discount products for purchase and remortgage applications with a limited number of the deals on offer.

Up to 70% LTV is available on loans to a maximum of £500,000, while a max of 60% LTV applies on loans up to £700,000 and 50% LTV on borrowing up to £950,000.

The products are available to all directors and shareholders of limited companies. The minimum loan amount is £100,000. The Interest Cover Ratio (ICR) calculation for limited company landlords for basic and higher rate taxpayers has been set at 125% stressed at 5.5% or pay rate on our 5 year fixed rate.

Tipton director of sales and marketing Jason Newsway says: “Following in the footsteps of our recent ex-pat buy-to-let announcement, we are delighted to provide whole of market access to the Tipton’s range of Limited Company buy to let mortgages. There is a limited tranche for both products so we expect demand to be high as brokers take advantage of the competitive rates on offer”.