Tipton & Coseley Building Society has introduced several new products, with a particular focus on limited company buy-to-let (BTL) and expat borrowers.

Among the changes is the addition of a two-year fixed rate of 5.89% for limited company BTL purchases. The loan-to-value (LTV) ratio is 70% and the product comes with a £1,999 fee.

Expat BTL 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.

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 the lender 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.

The Tipton & Coseley Building Society chief commercial officer Jason Newsway says: “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.