Tipton & Coseley Building Society

ProductGross Fee paid by lenderNet fee paid to regulated broker Net Fee paid to non-regulated & client referral service
All Products0.80%0.45%0.225%
Tipton & District Permanent Benefit Building Society was founded on 1 May 1901 becoming one of over 2,000 building societies in the UK.

In 2017 they were added to the Complete FS panel and now offer competitive and flexible criteria in the residential and Buy To Let market.
Here are some key lending points:
Residential
  • No credit scoring
  • CIS treated as employed
  • Up to 6x income multiple
  • Family concessionary purchase with gifted equity
  • Can consider missed payments
  • Can allow small CCJs and Defaults
  • No minimum income requirement for interest only
  • Later life lending products for retired clients
  • Retirement properties accepted (min value £200k)
  • Second homes can be let on short term rental whilst not in family use
  • Like for like re-mortgage product available for mortgage prisoners
  • Lending up to 100% using Family Assist product or 95% on standard products
Buy to Let
  • ICR from 125% at pay rate
  • 5 year fixed products stressed at pay rate
  • 1 Applicant must earn £20,000
  • Expats accepted including FTB
  • LCBTL purchasing using intercompany loan or transferred equity from personal name considered

Due to the limited distribution these products will not appear on any sourcing systems.

Proc Fee 0.45%

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