Tipton & Coseley cuts residential and expat buy-to-let rates
The reductions cover shared ownership and remortgage products.
"e’ll work to offer competitive product rates during the course of the year as market conditions improve and Bank of England lower interest rates."
- Jason Newsway, director of sales and marketing at the Tipton
Tipton & Coseley Building Society has made a series of rate reductions across its residential and buy-to-let product ranges.
Two-year fixed rate residential products have reduced to 4.99% at 75% LTV and 5.40% at 90% LTV, both with a £999 arrangement fee.
A five-year fix at 95% LTV has reduced to 5.34% and a shared ownership five-year fix is down to 5.57% at 95% LTV, both with a £999 fee.
Five-year fixed rate expat buy-to-let mortgages have also seen reductions.
At 70% LTV, rates now start from 5.64% for purchase and 5.74% for remortgage, while 75% LTV products are down to 5.84% and 5.94% respectively.
All of the expat buy-to-let products come with a £1,499 arrangement fee.
Jason Newsway, director of sales and marketing at the Tipton, said: “We have continued our support to borrowers, new and existing, with cuts to our residential and buy-to-let expat fixed rate product range. We’ll work to offer competitive product rates during the course of the year as market conditions improve and Bank of England lower interest rates."
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