FOR INTERMEDIARY USE ONLY
Broker Help Desk
0345 223 4447

New advance stage payment mortgages from The Tipton & Coseley Building Society

Posted by Emma Spence on April 10, 2019


The Tipton & Coseley Building Society has broadened its existing self and custom build mortgage offering to intermediaries, with the launch of two advance stage payment mortgages, exclusively available from BuildLoan.

2 Year Discount Rate – 4.99%

  • 0.25% discount for 2 years, reverting to lender SVR of 5.24% for remainder of term
  • Initial rate 4.99%
  • Up to 85% on land and build costs
  • Maximum final LTV 75%
  • Maximum loan amount £450,000
  • Lending on an advance stage payment basis

2 Year Discount Rate – 5.14%

  • 0.10% discount for 2 years, reverting to lender SVR of 5.24% for remainder of term
  • Initial rate 5.14%
  • Up to 85% on land and build costs
  • Maximum final LTV 75%
  • Maximum loan amount £450,000
  • Lending on an advance stage payment basis

Both products are available in England and Wales for standard construction.  Non-standard construction types are considered on a case by case basis.

Rachel Pyne, BuildLoan Operations Director added: “We’re delighted The Tipton & Coseley Building Society has added these advance stage payment mortgages to their broker offering. These new products will strengthen our product offering and provide more choice and flexibility to mortgage brokers and their homebuilding clients.”

Full details of these new Tipton & Coseley advance stage payment products can be found here.

Follow us on Twitter