Tipton & Coseley Building Society
Tipton & Coseley Building Society

Tipton & Coseley Building Society

Here at the Tipton, we provide mortgages across England and Wales.

We are dedicated to providing an excellent service to brokers and helping brokers help their clients.

The society’s mission is to enable clients to own their homes at all stages of life and we do this through a range of products and specialist lending criteria. From 100% LTV Family Assist mortgages, to Retirement Interest Only mortgages there is a product for everyone.

We also operate a manual underwriting process, meaning each application is considered by a real person and lack of credit history or historical late payments won’t generate a ”computer says no” result.

Proc Fees

Product Gross Net
Fee Min Max Fee Min Max
Residential 0.42% £225 No max. 0.40% £200 No max.
BTL 0.45% £225 No max. 0.40% £220 No max.
Product Transfers 0.2% 0.18%
Product Type When does the lender pay PMS? Frequency
All Month following completion Monthly

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Geographical restrictions: Lender-InfoBoxWhite

Applications accepted up to 95% LTV across England and Wales.

Properties located in Scotland, Northern Ireland or the Isle of Man will not be accepted.

Minimum value £75,000 (increasing to £250,000 for properties located within the M25 corridor).

Register Lender-InfoBoxWhite

Register to place business with Tipton & Coseley Building Society:

We do not require you to register with us, until you submit your first application.
To register at submission stage, complete the form and send it to us at [email protected]

The Tipton and Coseley Building Society affordability calculator provides you with an indication of how much they may be prepared to lend your customers.

It is designed for guidance purposes only, actual loan amounts are subject to their usual underwriting requirements and credit check. 

Reasons to talk to the Tipton: 

  • They do not credit score applications 
  • They do not operate a call centre 
  • Easy access to decision makers
  • Common sense approach to underwriting

Unique selling points:

  • Mortgage Surgery: Our mortgage underwriters host a daily Mortgage Surgery, allowing our Intermediary Support Team to discuss any non standard cases. This means we can get an initial decision on your complex cases within 24 hours (all before a DIP has been submitted). Simply call us on 0121 521 4000 to discuss your case.
  • Credit Scoring: Our manual underwriting process means that we can consider each case on its own merits, rather than using computer based decision making systems.
  • Later Life / RIO Mortgages: If your clients are looking to borrow into/during their retirement, our Later Life and RIO mortgage ranges are available to help. We will also consider lending on purpose built retirement properties.
  • Contractors: We will now underwrite long term subcontractors on an employed basis, using gross income to determine their maximum level of borrowing. We also have criteria in place to assist those on short term renewable contracts.
  • Self Employed Applicants: Our lending criteria allows us to consider applications from sole traders, partners and limited company directors. Subject to acceptable proof of income.
  • For more information about The Tipton and our lending criteria, visit our website at www.thetipton.co.uk/intermediaries

Submitting Business

You don’t need to register with us until you’re ready to submit your first application.

We recommend you submit a Decision in Principle (DIP) initially, to allow us to make an initial assessment on the case. You can download a DIP by clicking here.

When you’re ready to submit an application, please complete our online application form on our website. Alternatively, you can use our paper form and send a scanned copy to us at [email protected].

For further details, please click here.

If you have a case to run past our team, or simply want to know more about The Tipton, visit our website at www.thetipton.co.uk/intermediaries, email our Intermediary help desk at [email protected] or call us on 0121 521 4000.
Your Business Development Manager details can be found by clicking here.

Telephone Business Development Desk

Senior Telephone BDM: Faye Sheldon
Telephone BDM: Alex Poole, Hardeep Bedi and Sharon Khangura
Phone: 0121 521 4000
Email: [email protected]

Field Based Business Development Managers

Paul Sawford
Areas covered: CM, E, EN, HA, IG, KT, RM, SS, TW, UB and WD.
Phone: 07395 790267
Email: [email protected]

Joanna Hampson
Areas covered: AL, GU, HP, LU, MK, OX, RG, SL and SO.
Phone: 07593 557578
Email: [email protected]
Head of Sales: Richard Groom

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