The Tipton & Coseley Building Society has cut limited company buy-to-let mortgage pricing to 5.67% and kept lending up to 80% loan to value, adding another sign that lenders are still competing for landlord business beyond the headline high-street market.
The change was reported in Mortgage Solutions’ latest lender round-up, which said the mutual has also trimmed arrangement fees, reduced expat buy-to-let pricing and added a new two-year expat fix at 60% LTV.
For landlords, the fresh detail matters because the move keeps pressure on rivals in a market where product choice has improved, but higher-LTV borrowing still carries a clear price premium. Limited company borrowers in particular are still being targeted as lenders try to win business from more professional investors.
Tipton targets limited company and expat borrowers
According to the update, the limited company five-year fix at 80% LTV with a £900 arrangement fee has been reduced from 5.89% to 5.67%. On the expat side, the five-year fixed rate at 80% LTV for purchases is now 5.68%, also with a reduced £900 fee.
The lender has also introduced high income multiple residential deals up to 80% LTV, with borrowing of up to 6.5 times income against its normal five-times cap. That is not a landlord product, but it shows the society is widening risk appetite while still focusing much of its repricing on specialist segments.
Becky Wheeler, head of product and sales operations at The Tipton, said the latest changes focus primarily on the lender’s buy-to-let and high income multiple ranges so brokers and clients have more choice in a fast-moving market.
This follows Residential Landlord’s recent coverage of ModaMortgages and Molo rate cuts, which pointed to intensifying lender competition, and earlier reporting on lenders broadening product choice beyond simple headline repricing. The latest Tipton move adds to that pattern, especially for incorporated and specialist borrowers.
The bigger picture is that lenders are still willing to compete where landlord demand looks stickiest – higher-LTV, limited company and specialist cases – even as broader rate expectations remain unsettled. That does not mean finance is cheap, but it does mean borrowers who can move quickly have more room to shop around.
Current product details are listed on The Tipton’s intermediary mortgage products page.
Competition is shifting toward specialist buy-to-let
That shift matters because many smaller landlords have already been squeezed out of expansion plans by costs and regulation. The lenders still cutting or refining landlord products are often chasing the borrowers they see as most resilient – incorporated investors, expats and those prepared to pay for flexibility.
Landlords should still look past the headline rate. Fee levels, stress testing, valuation terms and refinancing flexibility will often decide whether a deal is actually cheaper over the full fixed period.
Opinion
The market is no longer moving in one line. While some landlords are still waiting for a bigger drop in rates, specialist lenders are already fighting for the borrowers they want most. That should help stronger investors, but it may also widen the gap between landlords who can access finance smoothly and those who cannot.
