We have gone live with our residential affordability calculator which I'm sure you will agree is a big step forward! To use the calculator click here. For a residential affordability there is no longer a requirement to email affordability to the intermediary team. For Buy to Lets requiring an affordability assessment there is still a [...]

We've extended our lending policy on applications using a Forces Help to Buy loan as a source of deposit. This means your armed forces clients are now able to purchase a home using a Forces Help to Buy loan when used in addition to a minimum deposit from  acceptable sources. The minimum deposit for Help [...]

We’ve taken a look at the expat market and how we offer solutions to those working outside of the UK who want to keep an interest in the UK property market. The UK expat market is growing and we see the demand for expat mortgages continuing to grow alongside that… 5million British people permanently live [...]

It’s been a few weeks since we launched lending for BTL portfolio landlords. We understand that these applications have additional steps compared to our normal requirements and will be assessed against some additional criteria. So we’ve created some useful tools to help you through the process. Unless your client is remortgaging a BTL property without [...]

We wanted to let you know we’ve made some changes to our residential mortgage products. We’ve moved end dates out to the end of November for all our residential mortgage products, and we’ve increased rates on a selection of our 2, 3 and 5 year fixed products in the 0-85% LTV House Purchase and Remortgage [...]

We are making some amendments to our product range which include an increase to our standard variable rate and reversion rate. These changes will go live from the 1st September 2018 SVR Our current SVR is 5.89% which will increase by 0.25% to 6.14%. This change will impact our entire product range. Reversion rate  Our [...]

On Monday 3 September our minimum new business procuration fee will reduce from £400 to £250.  Additionally, we’re removing the minimum £25,000 threshold that triggers the minimum procuration fee. This means that decisions to lend (including reassessments as a result of a material change) from Monday 3 September, that then subsequently complete, will have a [...]

On the 20th August, we are making changes to the way we capture childcare costs, in order to accurately take into account the customer’s monthly childcare expenses. What’s changing? We will now use the amount the customer has declared and will no longer use ONS data in our affordability calculations. Customers with dependants will be [...]

The Tipton & Coseley extends lending criteria to include retirement properties The Tipton & Coseley Building Society is extending its lending criteria for older borrowers, to include retirement properties in a continuation of its lifecycle lending strategy. The change is designed to complement its existing range of later life products, by allowing lending against [...]

We are pleased to announce that  we have widened our criteria to now include Holiday Lets and Multi Units. These will be available on selected products within the BTL range. We are always looking for new ways to support you and hope that this will lead to you being able to provide options with Precise [...]