Tipton & Coseley cuts shared ownership rates by 15bps
Both purchase and remortgage products have reduced as part of the changes.
Tipton & Coseley Building Society is reducing rates across its shared ownership mortgage range.
The Society has lowered rates on its residential purchase and remortgage shared ownership products by 15 basis points.
New products include a five-year fixed rate residential purchase product at 95% LTV, down to 5.64% with a £999 arrangement fee.
In addition, a three-year fixed rate residential remortgage product at 95% LTV has reduced to 5.74% with a £999 arrangement fee, £350 valuation fee and £250 cashback towards legal fees.
Becky Wheeler, marketing and product manager at the Tipton, said: “The Tipton has once again responded by supporting borrowers with these new competitive rates for our shared ownership products. These new rates will help brokers and their clients who are seeking to make their first step onto the property ladder.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Lloyds
Lloyds sets aside extra £4bn for high-LTI mortgage lending
Santander
Santander to acquire TSB in £2.65bn deal
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
Government
Government confirms launch of permanent Freedom to Buy mortgage scheme
FCA
FCA fines Barclays £42m over financial crime risks
