Expert VerifiedTipton & Coseley Building Society Equity Release Review (2025)
- Last Updated: 05 Aug 2025
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Be aware. Equity release comes with drawbacks which are important to think about. Lifetime mortgages are secured loans. Compound interest means the amount you owe can grow quickly. Equity release reduces your estate's value and may impact means-tested benefits.Key Takeaways
- The Tipton & Coseley Building Society equity release is a financial product that allows homeowners aged 55 years and above to unlock the value tied up in their property without having to sell.
- They operate by providing a lump sum or regular payments to the homeowner in return for a mortgage secured against their property, which is paid back when the homeowner dies or moves into long-term care.
- Benefits include flexibility in spending, possibility of tax-free cash, and the option to stay in your own home while accessing its financial value.
- While there are many benefits, risks could include impacting your eligibility for means-tested benefits and reducing the value of your estate.
- To apply, you will need to approach the building society directly or through a financial adviser to discuss your options and start the application process.
EveryInvestor is an unrelated 3rd party information website and the opinions in this article are our own and do not necessarily reflect the views or opinions of Tipton & Coseley Building Society.
Are you considering Tipton & Coseley Building Society as an equity release provider?
With so many equity release providers to choose from, we know how difficult it can be to select the right one.
Fortunately, we’ve compiled information on some of the market leaders in the equity release space to guide you in your decision-making process.
In This Article, You Will Discover:
Our team of equity release experts has researched hundreds of providers in the UK and mapped out the findings for you.
Let’s get straight into what Tipton & Coseley Building Society offers!
Who’s Tipton & Coseley Building Society?
Tipton & Coseley Building Society is a market-leading building society that offers mortgage and savings services.
It has multiple awards under its belt, as well as centuries of industry experience.
Founded in 19011, it’s a reputable provider of equity release.
What Does Releasing Equity From Property Mean?
Equity release serves as a pathway for over-55 homeowners to leverage their property's value for financial gain, allowing them to release funds from their property.
It's particularly beneficial for those seeking to boost their retirement funds or manage financial obligations without moving out.
In this realm, the two predominant options are lifetime mortgages and home reversion plans.
A lifetime mortgage is a loan secured on your home, repayable upon your passing or entering care.
Home reversion involves selling a part of your property in exchange for a lump sum or income stream, while retaining occupancy.
What Is the Process for Tipton and Coseley Building Society Equity Release?
The process for Tipton and Coseley Building Society Equity Release begins with understanding your financial needs and goals.
They can help you gauge your property's value, assess your age, and health status, all of which play a pivotal role in determining the amount you can release.
With their in-depth knowledge of Tipton and Coseley's equity release schemes, they ensure you make an informed decision, balancing your current needs and future financial stability.
After initial consultation, they guide you through the application process.
This involves filling out necessary documents, proof of property ownership, and having your property professionally valued.
The time frame can take up to 8-12 weeks, depending on the complexity of your situation.
Why You Should Consider Tipton & Coseley Building Society?
You should consider Tipton & Coseley Building Society because they are a market leader in the equity release industry.
Here’s more information.
- It has been in existence for more than 100 years.
- It’s an award-winning Society2.
- Tipton & Coseley is a safe provider, as it’s regulated by the FCA3.
What Services Does Tipton & Coseley Building Society Offer?
Tipton & Coseley Building Society offers retirement, banking, and insurance services, amongst others.
This extends to mortgages and savings advice and services.
Does Tipton & Coseley Building Society Offer Equity Release or Lifetime Mortgages?
Yes, Tipton & Coseley Building Society does offer equity release.
Tipton & Coseley Building Society’s Equity Release Schemes
Tipton & Coseley Building Society’s equity release schemes include lifetime mortgages.
It also offers RIO mortgage products as an alternative to traditional equity release products.
Tipton & Coseley Building Society’s Equity Release Scheme Features
Tipton & Coseley Building Society’s equity release scheme features include that there’s no fixed duration for its lifetime mortgages.
Here’s more information.
Lifetime Mortgages
Its lifetime mortgages include the following features:
- You get tax-free cash.
- You can continue living in your home.
- There’s no fixed duration for the mortgage period.
RIO Mortgages
Its RIO mortgages include the following information:
- No end date for repayments.
- The monthly interest is payable.
- You can continue living in your home.
What Are Tipton & Coseley Building Society’s Equity Release Interest Rates?
Tipton & Coseley Building Society equity release interest rates vary.
Interest rates for equity release currently range from 5.97% to 6.28%* (AER).
View the latest equity release rates here.
As an alternative to equity release, it offers several fixed and discounted rate RIO mortgages with terms of 3 and 5 years.
Tipton & Coseley Building Society also has discounted rate mortgages within its later life lending range.
*While we regularly review our rates, these may have changed since our last update.
What Are Tipton & Coseley Building Society’s Fees?
Tipton & Coseley Building Society’s fees are structured according to the value of your home.
For the home valuation, you'll be charged a fee for a standard report or a slightly higher fee for an RICS Homebuyers Report, which is a more in-depth valuation.
Here’s more information about the home valuation fees by home value.
Standard valuation fee / RICS Homebuyers Report
- Up to £100,000 - £200 / £445
- Up to £150,000 - £225 / £495
- Up to £200,000 - £250 / £550
- Up to £250,000 - £275 / £605
- Up to £300,000 - £300 / £665
- Up to £350,000 - £325 / £710
- Up to £400,000 - £350 / £750
- Up to £450,000 - £375 / £795
- Up to £500,000 - £400 / £825
- Up to £600,000 - £535 / £955
- Up to £700,000 - £635 / £1,080
- Up to £800,000 - £700 / £1,135
- Up to £900,000 - £760 / £1,260
- Up to £1million - £875 / £1,385
It also charges a non-refundable administration charge of £75 for all mortgage valuations.
Generally, when you take out equity release, the fees you pay range from £1,500 to £3,000.
Does Tipton & Coseley Building Society Have An Equity Release Calculator?
Yes, Tipton & Coseley Building Society does have an equity release calculator.
Alternatively, you can use our simple equity release calculator to obtain the best deals here.
What Are The Advantages & Disadvantages of Tipton & Coseley Building Society?
The advantages and disadvantages of Tipton & Coseley Building Society include that it's a trusted service provider, but like with any equity release product, it will devalue the inheritance you leave.
Here’s more information.
Tipton & Coseley Building Society Pros
Tipton & Coseley Building Society's pros are that it’s a trusted service provider.
Here’s more information.
- Retirees with verifiable income can apply for equity release.
- It's a trusted service provider.
- Regulated by the FCA.
Tipton & Coseley Building Society Cons
The cons of Tipton & Coseley Building Society are that you will pay early repayment charges if you decide to settle your plan in the first 2 years after signing up.
Here’s more information.
- Your inheritance will be reduced when opting for equity release.
- There are early repayment penalties of 2% in the first year and 1% in the second year post-acceptance.
How Did We Review the Info on Tipton & Coseley Building Society?
Our team did extensive research on Tipton & Coseley Building Society to present it in this easy-to-read guide for you.
Our article was done independently.
Tipton & Coseley Building Society Customer Reviews
Tipton & Coseley Building Society's customer reviews have been positive.
It has a 4.65/5 rating on Smart Money People4.
Good communication and friendly services are some of the aspects that customers have applauded.
Tipton & Coseley Building Society Complaints
Tipton & Coseley Building Society complaints can be directed to it in writing or telephonically.
Moreover, it’s committed to resolving any concerns within 3 business days.
If not, a written resolution will be sent to the complainant.
Alternatively, you can leave a review on popular review sites such as Trustpilot or Feefo.
Tipton & Coseley Building Society FCA Details
Trading Names
Tipton & Coseley Building Society.
FCA Permitted Services
- Banking
- Insurance
- Mortgages & Home Finance
- Consumer Credit
- Pensions
- Investments
- Other Services
Regulators
Registration Numbers
- FCA reference number: 159601
- FCA registration number: 3869002
FCA & Companies House Link
- FCA Link: FCA Link
- Companies House Link: Companies House Link
Tipton & Coseley Building Society Contact Number & Address
- +44 121 557 2551
- 70 Owen St, Tipton DY4 8HG, United Kingdom.
Common Questions
Tipton and Coseley Building Society Equity Release is a financial product that allows individuals aged 65 or above to unlock the equity tied up in their property.
It provides a lump sum or regular income, which is repaid when the property is sold or the borrower passes away.
This type of equity release scheme can help older individuals supplement their retirement income or fund specific expenses while continuing to live in their home.
The Tipton and Coseley Building Society Equity Release scheme offers flexible options tailored to individual needs, ensuring peace of mind and financial stability during retirement.
Learn More: Potential Uses of Equity Release
Tipton and Coseley Building Society Equity Release works by allowing homeowners aged 65 or above to access the value of their property without the need to move.
The scheme provides a tax-free lump sum or regular income.
The borrowed amount, along with any accrued interest, is repaid when the property is sold or the borrower passes away.
This equity release product offered by Tipton and Coseley Building Society is regulated by the Financial Conduct Authority and guarantees that homeowners can stay in their homes for life, as long as they adhere to the terms and conditions of the scheme.
The Tipton and Coseley Building Society Equity Release offers several benefits. Firstly, it provides individuals aged 65 or above with a way to access the equity in their property without having to sell or downsize.
This can help them achieve financial freedom and maintain their desired lifestyle during retirement.
Additionally, this equity release product allows individuals to repay the borrowed amount only when the property is sold or the borrower passes away.
There are also options to make partial repayments or interest payments, providing flexibility and control.
Lastly, the scheme is regulated by the Financial Conduct Authority, ensuring consumer protection and peace of mind.
While Tipton and Coseley Building Society Equity Release offers several benefits, it’s essential to consider the potential risks involved.
One primary concern is the impact on inheritance, as accessing the equity in the property may reduce the amount that can be passed on to beneficiaries.
It’s also important to consider the long-term financial implications, as interest compounds over time.
This means the total amount to be repaid can significantly increase, potentially affecting any future plans or financial stability.
Seeking independent financial advice before proceeding with Tipton and Coseley Building Society Equity Release is crucial to fully understand the risks and make an informed decision.
To apply for Tipton and Coseley Building Society Equity Release, individuals can start by contacting the building society directly.
A representative will guide them through the application process, which typically involves an initial consultation to assess eligibility and discuss options.
During the application process, applicants will need to provide details about their property, age, and any existing mortgage or debts.
The Tipton and Coseley Building Society will then carry out a property valuation and complete the necessary paperwork.
It’s advisable to seek independent financial advice before proceeding to ensure the equity release scheme is suitable for individual circumstances.
Tipton & District Permanent Benefit Building Society was founded on 1 May 1901 becoming one of over 2,000 building societies in the UK.
Yes, Tipton & Coseley Building Society does offer jobs, which can be viewed on its website7.
It shares current vacancies and the relevant information on the page.
Yes, Tipton & Coseley Building Society does offer equity release.
Yes, Tipton & Coseley is a member of the Equity Release Council8.
Yes, it’s safe getting equity release from Tipton & Coseley Building Society.
It adheres to guidelines set by the FCA and is a member of the Building Societies Association9.
In Conclusion
As a multi-award-winning financial services provider, Tipton & Coseley Building Society is an excellent choice for equity release.
The FCA regulates the services it offers and is a member of the Building Societies Association.
Furthermore, Tipton & Coseley Building Society equity release has a proven track record and exceptional industry experience.
The features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide an enhanced amount.
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