Intermediary
2 min read
Credit Plus supports borrowers with minor credit issues
The Tipton have introduced a new product offering to help individuals who are struggling to purchase a home or refinance due to past credit blips.
With more flexible criteria, Credit Plus provides a realistic alternative to specialist or adverse credit lenders at a competitive pricing position.
Jason Newsway, our Chief Commercial Officer, explains: “Brokers and their customers shouldn’t feel compelled to turn to specialist lenders just because of a slightly imperfect credit history.
“With rising living costs and the unpredictability that life can throw at us, occasional credit events are becoming more commonplace.
“As a result, certain customers may find themselves unfairly excluded from mainstream finance while they work towards achieving a more stable position.”
Rates for Credit Plus start from 5.44% for a two year discount mortgage at a maximum loan to value of 80% with a £999 arrangement fee.
We also plan to introduce Criteria Plus mortgages in the coming months, designed for borrowers with non-standard income or those purchasing more complex property types.
“All of our lending decisions are made using a personalised underwriting approach, with a tailored assessment of every case to factor in the borrower’s specific circumstances,” said Jason.
“Having a wider choice of products, including the addition of Credit Plus, means we’re presenting brokers and their customers with a viable mainstream lending solution.
“Regional building societies such as ours can bridge the gap between high street and specialist lenders for customers with minor credit issues, yet we’re often overlooked.”
