Tipton & Coseley cuts shared ownership rates by 15bps

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.”