Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Tipton & Coseley Raises Expat Residential LTV to 90% and Adds New Mortgage Options

Tipton & Coseley Building Society has increased the maximum loan-to-value (LTV) on its expat residential mortgage range to 90%. The lender has also introduced new two- and five-year fixed rate products, as well as a two-year variable rate discount option.

The new two-year and five-year fixed expat residential mortgages are both available at a rate of 5.75% with a £1,400 arrangement fee. The two-year variable rate discount is priced at 5.90%. These changes expand the options available to expats seeking to purchase residential property in the UK.

For expat buy-to-let borrowers, Tipton & Coseley has launched two-year fixed rate deals at 60% LTV with a rate of 5.9%, and at 80% LTV with a rate of 6%. These new products are offered alongside the lender’s existing three- and five-year options. Earlier in June, the building society also made reductions to its expat buy-to-let range.

Tipton & Coseley’s existing 85% LTV residential products, which were launched in August last year, remain available, starting at a rate of 5.39%.

These updates may be relevant to letting agents and inventory clerks working with expat clients, as the increased LTV and new product options could affect demand for rental and purchase properties among expatriates.