0121 521 4000
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[email protected]
Tipton & Coseley Building Society 70 Owen Street Tipton West Midlands DY4 8HG

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.

Paid by PMS

For details of when your proc fee will be paid, please click on the button below.

Paid by PMS

Proc Fees

Product	Gross			Net
Product	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%

Proc fees - when your proc fee will be paid

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.

Overview

Geographical restrictions:

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

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.