The Tipton & Coseley Building Society

Call 0800 833853 for a decision in principle

Maximum Loan to Value 90%
^{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	5.1% APR

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.
Lending restriction	Applications are only allowed from existing members or their immediate family.
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.
Property share	Your share of the property must be a minimum 25% of the purchase price or valuation, whichever is lower.
Property acceptance	You will need to be accepted by a Housing Association or Zone Agent.
Minimum loan	The minimum amount that you can borrow is £25,000.
Maximum loan	90% of your initial share subject to a maximum amount of £200,000.
Mortgage amount	The total mortgage amount must not exceed 75% 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.