Mortgages

Mortgages you can feel comfortable with

Family Assisted

Fixed Rate

Choose to fix your intial mortgage payments.

Call 0800 833853 for a decision in principle

Fixed to 31/07/2011 Reverting to a variable rate of The overall cost for comparison is
6.79% fixed 7.09% variable 7.3% APR

FREE valuation and £500 cashback

This product is currently not available to mortgage intermediaries.

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.
Cashback A Cashback of £500 is payable on completion of the mortgage. Cashback is not available for existing borrowers converting to a new product.
Valuation fee We will cover the cost of one standard mortgage valuation on the purchase property. You may choose to have a RICS Homebuyers report, however we will NOT cover the cost of this report.
Higher lending charge None payable.
Early repayment charge An early repayment charge applies during the fixed 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.
Maximum loan 100% of purchase price or valuation, whichever is lower.
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The product detailed above may be withdrawn at any time without prior notice.

© The Tipton and Coseley Building Society 2005
www.thetipton.co.uk
xhtml | css | 508