Tipton & Coseley Building Society has amended affordability criteria on its 95 per cent loan to value (LTV) products by raising the income multiple to 4.49.
This will be available to both joint and individual borrowers applying for discount and fixed rate purchase mortgage products.
The 95 per cent LTV two-year discounted deal has an initial rate of 3.64 per cent. The three-year fixed mortgage is priced at 3.89 per cent.
Both products have a minimum loan size of £150,000 and maximum loan size of £300,000 and come with an arrangement fee of £999.
Jason Newsway, sales and marketing director at the Tipton, said: “These latest criteria changes are designed to help provide more options and flexibility for high loan to value borrowers.
“The Tipton remains committed to supporting borrowers at all stages of their life and this latest affordability change is designed to help those seeking a 95 per cent LTV mortgage.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
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