By using this website, you agree to our use of cookies to enhance your experience.


Tipton & Coseley Building Society overhauls BTL lending criteria

Tipton & Coseley Building Society has announced enhancements to its buy-to-let product criteria.

Tipton says that the move is part of its on-going commitment to supporting landlords, following cuts to buy-to-let tax relief introduced by the government in 2017.

The building society has also reduced its Interest Cover Ratio calculation for experienced landlords for both basic and higher rate taxpayers. The required rental cover reduced to 125% and 130% respectively.


An experienced landlord is defined as someone who currently holds, or has held at least one buy-to-let property within the last 12 months. 

Tipton is also reducing its minimum age on application from 25 to 21 years on all of its buy-to-let products.

Cammy Amaira, director of sales & marketing, commented: “Recent cuts to tax relief have made buy-to-let investing more challenging for new and experienced landlords.

“At the Tipton, we hope that these favourable changes to our stress rates for experienced landlords and a reduction in the minimum application age will help landlords regain momentum.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.


Please login to comment

MovePal MovePal MovePal
sign up