The Tipton & Coseley Building Society
Mortgages
Mortgages you can feel comfortable with
Discount Rate
until 31 May 2010
Choose to discount your intial mortgage payments.
Call 0800 833853 for a decision in principle
| 1.35% discount to 31/05/2010 | Reverting to a variable rate of | The overall cost for comparison is |
| 5.74% variable | 7.09% variable | 7.1% APR |
This product is currently not available to mortgage intermediaries.
Our 1.35% discount rate mortgage is available for new purchases and remortgages up to 90% loan to value.
| Key features | |
| Property location | The property must be located within B, DY, WS or WV postcode areas. Applications outside these postcode areas will only be accepted for existing mortgage and savings members. |
| Higher lending charge | We cover the cost of any higher lending charge. |
| Early repayment charge | An early repayment charge applies during the discount rate period. |
| Arrangement fee | An arrangement fee of 0.4% of the advance is payable and must be added to the loan. |
| Maximum loan | 90% of the purchase price or valuation, whichever is lower. The maximum loan amount for remortgage purposes is £250,000. |
| Payment method | Monthly repayments must be made by direct debit. |
| Mortgage repayment terms | Terms available from 5 years to 40 years. |
| Insurances | Buildings insurance is conditional but is not a compulsory tied product. |
| Interest calculation | Interest is calculated daily and added to the account. |
Further information
Your home may be repossessed if you do not keep up repayments on your mortgage.
The product detailed above may be withdrawn at any time without prior notice.
© The Tipton and Coseley Building Society 2005
www.thetipton.co.uk