Tipton & Coseley Building Society has expanded its product set for homebuyers with non-standard credit profiles.
Credit Plus was first introduced in 2025 as a solution for applicants who fall outside the Society’s mainstream product criteria because of minor past credit issues.
Now the Tipton has a second tier within its Credit Plus mortgage range so that more complex credit profiles can also be considered.
The addition means borrowers who’ve experienced arrears and late payments, County Court Judgments, Debt Management Plans and defaults have further options available to them.
Residential purchase rates for Credit Plus Tier 1 start from 5.47% for a two year discount at 80% LTV with a £1,499 fee. The equivalent Tier 2 product is priced at 5.84% with a £999 fee.
Both tiers have a two year fixed rate option, again at 80% LTV, and there are Credit Plus products for customers looking to remortgage as well.
Andy Millard, head of mortgage distribution at the Tipton & Coseley Building Society, said: “Across the UK, applicants’ credit histories are becoming increasingly challenged due to rising living costs.
“Not every client fits the standard mould, however this shouldn’t exclude them from pursuing their homeownership goals. Nor should it leave them solely reliant on specialist adverse credit lenders, where product pricing is often prohibitive.
“At the Tipton, we manually underwrite each case and take a bigger picture approach to our lending. We look beyond single blips or incidents and factor in people’s overall financial circumstances when making our decisions.
“With broader criteria across Credit Plus and distinct product tiers, we’re ready to assist more borrowers in this market segment and help brokers in presenting competitive choices to their clients.”
