Tipton & Coseley Building Society Equity Release
Featured Image Lifetime Mortgage Review
Are You Considering Tipton & Coseley Building Society Equity Release? What are the Pros, Cons & Costs? Discover If Tipton & Coseley Building Society Plans are for You.
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Tipton & Coseley Building Society Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Featured Image equity release the best?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What Is Equity Release?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Learn More: What’s Equity Release?
How Does Equity Release Work
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
What About the Tipton & Coseley Building Society Equity Release Calculator?
Before you consider using the Tipton & Coseley Building Society equity release calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Tipton & Coseley Building Society. So first use this calculator below & see how much you can release.
How Much Can You Release?
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Tipton & Coseley Building Society's Equity Release & Lifetime Mortgage Schemes
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Who Are Tipton & Coseley Building Society?
The Tipton & Coseley Building Society is a UK building society, which has its head office in Tipton, West Midlands. It is a member of the Building Societies Association. Its headquarters are in Owen Street, Tipton town centre, where they had been based since relocating from a building in High Street in August 1992.
On May 1, 1901, Tipton & District Permanent Benefit Building Society was established, becoming one of nearly 2,000 building societies in the United Kingdom.
The inaugural subscription meeting was held on July 1, 1901, at 30 Owen Street in Tipton. Every week, each subscription is fixed at 2/6d or 1/3d. Late payments are subject to penalties, and investors must even pay for their own passbook! We had 53 members by September.
They renamed themselves to Tipton & Coseley Permanent Building Society due to the success of their Coseley office. In 1972, the word ‘permanent’ was eliminated from their name. The number of permanent building societies had shrunk to 1,007, but their combined assets had risen to £555 million from £59 million at the turn of the century.
Building societies had a golden era in the 1960s and 1970s. Only 287 societies remained in 1979, yet their total assets now surpass £45 billion. They continue to thrive; their Sedgley office is a big success, and by the early 1980s, we had added offices in Dudley and Bilston, firmly establishing themselves in the Black Country.
For the first time, their assets surpass £100 million, and they have relocated to a freshly created, purpose-built headquarters. Their branch offices are also being renovated, with cutting-edge computer systems installed to help them expand our mortgage and savings offerings.
70 Owen Street
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- Tipton and Coseley Building Society
FCA Permitted Services
- Mortgages & Home Finance
- Consumer Credit
- Other Services
- Financial Conduct Authority
- Financial Services Authority
- FCA Ref Number: 159601
- FCA Reg Number: 0000596B
Tipton & Coseley Building Society Info
Got Questions About Tipton & Coseley Building Society & Lifetime Mortgages? Check These First
Is Tipton & Coseley Building Society A Member of the Equity Release Council?
Yes, Tipton & Coseley is a member of the Equity Release Council. It was a founding member of the ERC in 1979 and has been a member ever since.
What Are Tipton & Coseley Building Society's Interest Rates?
Tipton & Coseley offers a variable interest rate of 4.00%.
Who Owns Tipton & Coseley Building Society?
Tipton & Coseley is a mutual society, which means it is owned by the people who use its services. All profits made by the Society are returned to members as savings and mortgages or as lower borrowing costs.
Where is Tipton & Coseley Building Society Located?
Tipton & Coseley is located in the West Midlands, England.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
Most send us a personal thank you because we do such an incredible job.
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
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