"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."
