Tipton and Coseley cuts buy-to-let rates

The Tipton and Coseley Building Society has cut the rates on its 3 and 5-year discounted buy-to-let purchase products.

Its 3-year discount products to 31 October 2017 cost 2.68% with no product fee and 2.38% with a £199 booking fee and £1,799 arrangement fee.

Its 5-year product meanwhile has an initial rate of 2.98% until 31 October 2021 with no product fees and no early repayment charges.

Richard Groom, head of mortgage sales (intermediary and direct) 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.”