Mortgages

Mortgages you can feel comfortable with

Family Assisted

Discount rate

Choose to discount your initial mortgage payments.

Call 0800 833853 for a decision in principle

Maximum Loan to Value 100%
0.10% discount to 31/01/2013 Reverting to a variable rate of The overall cost for comparison is
4.89% variable 4.99% variable 5.2% APR

This product is currently not available to mortgage intermediaries.

Key features
Property location The property must be located within one of the following Midlands counties - West Midlands, Staffordshire, Shropshire, Derbyshire, Nottinghamshire, Leicestershire, Warwickshire, Herefordshire, Worcestershire, Oxfordshire, Northamptonshire and Gloucestershire unless the customer is an existing borrower. Existing borrower applications are considered nationwide.
Higher lending charge None payable.
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.
Collateral charge A collateral charge will be taken against the family members' property for which independent legal advice is strongly advised to be taken.
Collateral charge limits The collateral charge is limited to 25% of the loan amount plus arrears, interest and charges.
Collateral charge removal The collateral charge can be removed once the loan to value on the property falls below 75% and the borrowers' income can cover the full loan amount (fees will be payable).
Family members' property valuation The valuation on the family members' property will be charged at our normal scale fee.
Minimum loan The minimum amount that you can borrow is £25,000.
Maximum loan 100% of purchase price or valuation, whichever is lower subject to a maximum amount of £200,000.
Payment methods 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The product detailed above may be withdrawn at any time without prior notice.

Choose your mortgage

Mortgage Intermediaries:
Mortgage Intermediaries
Fixed Rates:
2 Year Fixed
Discount Rates:
2 year Discount | 3 Year Discount
Trouble Free Remortgage:
2 year Discount | 3 Year Discount
90% Loan To Value Discounts:
2 Year Discount | 3 Year Discount
Shared Ownership:
2 Year Fixed | 2 Year Discount
Family Assisted:
2 Year Fixed | 2 Year Discount
First Time Buyers:
2 Year Fixed
Step By Step Guides:
Buying your first home | Moving home | Remortgaging | Borrowing extra funds | Rate switching
Other Information:
Can't pay your mortgage? | Jargon Buster | FAQ's | Valuation Fees | Tariff of charges
© The Tipton and Coseley Building Society 2009
www.thetipton.co.uk
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