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

The Society’s purpose 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, JBSP, Shared Ownership, Residential Interest Only, Expat BTL and Later Life Lending to name a few. 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

Key Features

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.
Our T/BDMs have the ability to refer non standard cases to our Lending Committee. This means we can get an initial decision on your complex cases within 24 hours following DIP submission. Simply call us beforehand on 0121 521 4000 to discuss your case.
Specific 6 times income multiple product for where clients need that additional income requirement
Ability to use a self-employed applicants latest years accounts for affordability (subject to a 20% annual increase cap being applied)