arrangement fee
This can be paid up-front or added to the mortgage. Bear in mind that if you add the fee to your mortgage, you'll pay interest on it at the same rate as your mortgage and as a result will pay more interest over the term of your mortgage.
£999
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
2.24% fixed until 30 June 2024
2.24%
followed by our SVR
Our Standard Variable Rate (or SVR) reflects our cost of lending using a number of factors, including the Bank of England Base Rate. As the SVR is a variable rate it can change at any time.
4.94%
the overall cost for comparison is 4.2% APRC

Fixed until 30/06/2024 . Early Repayment Charges apply. . This product may be withdrawn at any time.

Product key features

Product related fees

There is an arrangement fee of £999. This fee can be paid upfront by deducting the fee from the amount you borrow. Alternatively, you can add the fee to the mortgage amount. If you add the arrangement fee to the mortgage you will pay interest on the fee at the same rate as your mortgage. 

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage amounts

There is a minimum mortgage amount of £50,000.

This product has a maximum mortgage amount of £500,000.

There is a minimum property value of £75,000 for properties located outside of the M25 corridor. There is a minimum property value of £250,000 for properties located within the M25 corridor.

The maximum loan to value is 75%.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage repayment terms

The minimum repayment term is 5 years and the maximum repayment term is 35 years.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Early Repayment Charges

Up to 10% of the original mortgage amount can be overpaid each year without charge. If the mortgage is redeemed or switched to another product during the discount rate product term then an Early Repayment Charge will apply.

The Early Repayment Charge will be calculated at:

  • 4% of the amount repaid until 30 June 2021;
  • 3% of the amount repaid until 30 June 2022;
  • 2% of the amount repaid until 30 June 2023; and
  • 1% of the amount repaid until 30 June 2024.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage tariff of charges

The mortgage tariff of charges details the various fees and charges that may apply during the term of your mortgage.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Representative example

A mortgage of £140,000 payable over 19 years initially on a fixed rate until 30 June 2024, currently 2.24% and then our SVR, currently 4.94% for the remaining term would require an initial payment of £768.56 followed by 34 monthly payments of £759.89 and 193 monthly payments of £925.29.

The total amount payable would be £206,020.79 made up of the mortgage amount plus interest (£65,185.79) with a mortgage valuation fee of £535, legal fees of £150, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.2% APRC representative.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

We are here to help you...

  • Discuss any queries
  • Book a mortgage appointment
  • Find out how much you can borrow
  • Complete your application
Zoe, from our mortgage team is happy to help 0121 557 2551*
Our lines are open:
Monday - Tuesday09:00 - 17:00
Wednesday09:30 - 17:00
Thursday - Friday09:00 - 17:00
Saturday09:00 - 12:00
SundayClosed
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.
"What I like about the Tipton is that you are spoken to in plain English, there isn't loads of mortgage jargon" Miss Savell-Boss
Mortgage customer read more
"I always recommend the Society to my friends and family and will do in the future, I know many people have taken me up on my recommendation and have been equally as happy as I am." Mrs Main
Mortgage customer read more

Your home may be repossessed if you do not keep up repayments on your mortgage.