The mutual said the changes are aimed at supporting both new landlords and those looking to refinance.
Expat rates start from 5.44%
Within its expat BTL range, rates now start from 5.44% on a two-year discounted variable rate product at 80% loan to value (LTV). The deal is discounted from the society’s BTL variable rate for two years and carries a £1,499 arrangement fee.
The lender has also cut the rate on its two-year fixed product at 80% LTV from 5.9% to 5.69%. The mortgage comes with a £99 booking fee and a £1,400 arrangement fee.
In addition, the Tipton has launched a new five-year fixed rate at 5.64% up to 70% LTV. The product includes a £99 booking fee and a £1,900 arrangement fee.
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Limited company rates from 4.69%
For limited company landlords, rates now start at 4.69% for a two-year fixed rate mortgage at 70% LTV. The product carries an arrangement fee equivalent to 3% of the amount borrowed.
The largest reduction in the limited company range applies to the five-year fixed rate at 80% LTV, which has been reduced by 0.3 percentage points from 5.99% to 5.69%.
Fees on the product remain unchanged at £99 for the booking fee and £1,900 for the arrangement fee.
The Tipton also continues to offer variable rate options for limited company borrowers through two-year discounted products, available at both 60% and 80% LTV.
