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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.
no fee
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
2.90% fixed to 31 October 2024
2.9%
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 4.5% APRC

Fixed until 31/10/2024 . Early Repayment Charges apply. . This product may be withdrawn at any time.

mortgage enquiries

Product key features

  • Product incentives
  • Mortgage amounts
  • Mortgage repayment terms
  • Early Repayment Charges
  • Mortgage tariff of charges
  • Representative example
Product incentives

Free standard valuation: We'll cover the cost of a standard valuation on a property valued up to £400,000. Properties valued over £400,000 will receive a contribution of £350 towards the cost.

Fees assisted legals: You have the choice of using our solicitors, where we'll cover the cost of any standard legal fees, or receiving £250 cashback towards your own solicitor's costs. You'll be advised of any non-standard costs that will apply. If you choose to use our solicitors, they'll only act for us and won't provide you with independent advice regarding the mortgage transaction.

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

Mortgage amounts

There's a minimum mortgage amount of £50,000 and a maximum amount of £500,000.

The minimum property value is £75,000. This rises to £250,000 for properties located within the M25 corridor.

The maximum loan to value is 85%.

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

Early Repayment Charges apply during the product term. Up to 10% of the original mortgage amount can be overpaid each year without charge, however, if the mortgage is redeemed or switched to another product during the product term, then the full amount of the Early Repayment Charge will apply.

The Early Repayment Charge will be calculated at:

  • 4% of the amount repaid until 31 October 2021;
  • 3% of the amount repaid until 31 October 2022;
  • 2% of the amount repaid until 31 October 2023; and
  • 1% of the amount repaid until 31 October 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 £182,000 payable over 25 years initially on a fixed rate until 31 October 2024, currently 2.90% and then our SVR, currently 4.94% for the remaining term would require an initial payment of £868.12 followed by 37 monthly payments of £853.63 and 262 monthly payments of £1,033.92.

The total amount payable would be £303,489.47 made up of the mortgage amount plus interest (£121,339.47), a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.5% APRC representative.

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

 

Your mortgage toolbox

tools and guides
FAQs
  • How much is a valuation fee?

    A standard valuation report is used to calculate how much we will lend you. This is separate from any valuation or survey of the property you might want to commission for your own use. There are other homebuyers or structural survey options available to you at additional cost.

    Some of our mortgages offer free valuations and the product pages will tell you if this is the case. Our mortgage valuation charges page will provide details of the costs incurred for both a standard valuation and the more detailed homebuyers report.

     

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  • How much can I borrow?

    One of our Mortgage Advisers will assess your affordability during your appointment, however you can use our online affordability calculator to get an idea of what you may be able to borrow. To book an appointment please call us on 0121 557 2551, visit one of our branches or complete our contact us form.

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  • What are your age limits?

    The minimum age for a mortgage applicant is 18 years. 

    If you are employed or self-employed, standard underwriting will apply where the mortgage term does not extend beyond the state pension date of the highest earning applicant.

    We can consider applications where the term will extend beyond the state pension date of the highest earner or where all applicants are already retired and in receipt of pension income however we will require additional criteria to be satisfied.

    For more detail you should speak with one of our Mortgage Advisers. Please call 0121 557 2551 or visit one of our branches to book an appointment or complete our online form.

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  • What documents do you need to apply for a mortgage?

    To complete a mortgage application you will need:

    • Most recent P60;
    • Latest three months, salary fed bank statements;
    • Latest three months pay slips;
    • Last two years’ SA302s or limited company accounts (if self-employed) along with a tax year overview;
    • Accountants details (if self-employed);
    • Acceptable proof of address and personal identification;
    • Home improvement quotations (if applying for additional borrowing or remortgaging with additional borrowing included);
    • Coal Authority Report (for properties with a coal mine);
    • Offer notice (if you are purchasing under the Right to Buy scheme);
    • Employers contact details;
    • Proof of deposit;
    • Rent statement and landlords contact details (if renting);
    • Solicitors contact details;
    • Estate agents contact details; and
    • Tenancy Agreements for any buy to let properties you have.
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We are here to help you...

  • Discuss your mortgage
  • Answer any questions
  • Check how much you can borrow
  • Help with your application
mortgage enquiries
Laurence, our Mortgage Adviser is here 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.
"When I was looking for my mortgage I wanted a lender who was reputable and trustworthy. I was recommended to Tipton & Coseley by a member of the family." Mrs Main
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Your home may be repossessed if you do not keep up repayments on your mortgage.