Tipton & Coseley lowers expat and limited company BTL rates

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Tipton & Coseley Building Society has made reductions of up to 0.30% on rates for both expat and limited company buy-to-let (BTL) products.

Further fixed rate options have also been added to the range.

Tipton’s expat BTL mortgages start from 5.44%, which is a variable rate discounted from its BTL variable rate for two years. It has a loan-to-value (LTV) ratio of 80% and a £1,499 arrangement fee.

A two-year fixed rate, also at 80% LTV, is down from 5.90% to 5.69%. It comes with a £99 booking fee and a £1,400 arrangement fee.

It has also added a five-year fixed rate of 5.64% available at 70% LTV, which has a £99 booking fee and a £1,900 arrangement fee.

Limited company BTL products start from 4.69% for a two-year fixed rate mortgage at 70% LTV, which has an arrangement fee of 3% of the total amount borrowed.

Tipton’s five-year fixed rate at 80% LTV has been lowered to 5.69% instead of 5.99%. The £99 booking fee and £1,900 arrangement fee are unchanged.

Variable rate options include two-year discounts at either 60% or 80% LTV.

Tipton & Coseley Building Society head of product and sales operations Becky Wheeler says: “We are pleased to be creating more choice and delivering greater value for brokers and their clients in the buy to let space.”

“Each new or repriced product includes a remortgage option, so we can also help existing borrowers nearing the end of their current deal to secure a competitive ongoing rate.


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