Tipton & Coseley Building Society has added a second tier to its Credit Plus mortgage range, widening the criteria for borrowers with more complex credit histories.

The mutual launched Credit Plus in 2025 for applicants who fall outside its mainstream mortgage criteria because of minor previous credit issues.

The introduction of Tier 2 extends the range to borrowers with more complex profiles, including those who have experienced arrears and late payments, County Court Judgments, Debt Management Plans and defaults.

Residential purchase rates on Credit Plus Tier 1 start at 5.47% for a two-year discount mortgage at 80% LTV with a £1,499 fee.

The equivalent Tier 2 mortgage is priced at 5.84% and carries a £999 fee.

Both tiers also offer a two-year fixed-rate option at 80% LTV, while Credit Plus products are available for remortgage customers.

Andy Millard, head of mortgage distribution at 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.”