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The Tipton launches lowest ever discounted mortgage rate

by Joanne Atkin
September 20, 2017
Mind the gap: London and South East skew average price by record £89,000
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Tipton and Coseley Building Society has launched a new range of mortgages that are the lowest discounted rate products they’ve ever brought to market.

Richard Groom, Tipton and Coseley, hsThe initial rates start at 1.04% discounted until 31 January 2020 up to a maximum 65% loan-to-value (LTV). A discounted rate of 1.09% until 30 November 2019 is available up to 75% LTV. These two products include a free standard valuation, a £99 booking fee and £900 arrangement fee.

If you don’t want to pay an arrangement fee, a 1.29% discounted rate is available until 31 January 2020 up to a 65% LTV, while a 1.34% discounted rate until 30 November 2019 applies for mortgages up to 75% LTV. Both products include a free standard valuation and £99 booking fee.

Richard Groom (pictured), head of mortgage sales at the Tipton, said: “Helping people buy and own their own homes has been a long-standing ethos at the Tipton and I’m sure customers will be impressed with our all-time low competitive mortgage rates.”

 

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