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TODAY'S OTHER NEWS

The Tipton looks to entice buy-to-let landlords with rate cuts

The Tipton and Coseley Building Society has reduced borrowing rates across its range of three- and five-year discounted buy-to-let purchase products.

The first three-year discounted product now has an initial rate of 2.68% until 31 October 2019 with no product fees. The alternative 2.38% product until 31 October 2019 has a £199 booking fee and £1,799 arrangement fee.

The five-year product now has an initial rate of 2.98% until 31 October 2021 with no product fees and no early repayment charges.

Aside from reducing rates on buy-to-let products, the Tipton has also made its product range available to consumer landlords.

Richard Groom, head of mortgage sales at the Tipton, said: “The demand for rental properties continues plus there are many people who find themselves having to let property as a result of circumstance.

“We want to support consumer landlords - which we see as a growing market - to help ensure they're aware of as many product opportunities in the market as possible.” 

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