Tipton & Coseley Building Society has expanded its residential mortgage range with the launch of Credit Plus.
The new product offering aims to help individuals who are struggling to purchase a home or refinance due to past credit blips.
Rates for Credit Plus start from 5.44% for a two year discount mortgage at a maximum LTV of 80% with a £999 arrangement fee.
The Tipton also plans to introduce Criteria Plus mortgages in the coming months, designed for borrowers with non-standard income or those purchasing more complex property types.
Jason Newsway (pictured), chief commercial officer at the Tipton, commented: “Brokers and their customers shouldn’t feel compelled to turn to specialist lenders just because of a slightly imperfect credit history.
“With rising living costs and the unpredictability that life can throw at us, occasional credit events are becoming more commonplace.
“As a result, certain customers may find themselves unfairly excluded from mainstream finance while they work towards achieving a more stable position.
“All of our lending decisions are made using a personalised underwriting approach, with a tailored assessment of every case to factor in the borrower’s specific circumstances.
“Having a wider choice of products, including the addition of Credit Plus, means we’re presenting brokers and their customers with a viable mainstream lending solution.
“Regional building societies such as ours can bridge the gap between high street and specialist lenders for customers with minor credit issues, yet we’re often overlooked.”
