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Tipton & Coseley Building Society


Tipton & Coseley Building Society

At The Tipton, they are a successful building society based within the heart of the West Midlands. Providing mortgages throughout England and Wales since 1901, The Tipton are committed to providing excellent customer service and dedicated to helping their brokers help their clients.

Their mission is to enable people to buy their own homes at all stages of life. They do this through a range of mortgage products, and a manual underwriting process.

  • Mortgage Surgery: Their mortgage underwriters host a daily Mortgage Surgery, allowing their Intermediary Support Team to discuss any non standard cases. This means they can get an initial decision on your complex cases within 24 hours (all before a DIP has been submitted). Simply call them on 0121 521 4000 to discuss your case.
  • No Credit Scoring: Their manual underwriting process means that we can consider each case on its own merits, rather than using computer based decision making systems.
  • Later Life / RIO Mortgages: If your clients are looking to borrow into/during their retirement, their Later Life and RIO mortgage ranges are available to help.t  They will also consider lending on purpose built retirement properties.
  • Contractors: The Tipton will now underwrite long term subcontractors on an employed basis, using gross income to determine their maximum level of borrowing. They also have criteria in place to assist those on short term renewable contracts.
  • Self Employed Applicants: The Tipton lending criteria allows them to consider applications from sole traders, partners and limited company directors. Subject to acceptable proof of income.

For more information about The Tipton and their lending criteria, visit their website at www.thetipton.co.uk/intermediaries

Registration process

You don’t need to register with them until you’re ready to submit your first application.

The Topton recommend you submit a Decision in Principle (DIP) initially, to allow them to make an initial assessment on the case. You can download a DIP by clicking here.

When you’re ready to submit an application, please complete their online application form on their website. Alternatively, you can use their paper form and send a scanned copy to them at newbusiness@thetipton.co.uk.

For further details, please click here.

Contact The Tipton

If you have a case to run past their team, or simply want to know more about The Tipton, call their Intermediary help desk on 0121 521 4000, or visit the website at www.thetipton.co.uk.

Your Business Development Manager details can be found by clicking here.