🚀 Product Launch Incoming – Friday 27th February 2023 Tomorrow, our latest residential product range will be available. We are launching a new 5 year fixed rate, reducing our existing residential fixed rates and launching 2 new shared ownership retention products. Be sure to check our latest product guide on our website for the full...
As we are continuously looking to enhance and improve our proposition, to help with affordability we have recently introduced some new income additions to our lending policy, such as; ⭐ zero-hours contracts (50% where another applicant has a primary income source usable at 100%) ⭐ child benefit (50% where supported by main income up to...
As a helping hand to clients requiring higher LTV options, the Melton has launched a new high LTV mortgage and reduced the rate on shared ownership: 3 Year Fixed Rate to 31 January 2025 (initial pay rate 2.49%), 90% LTV, no fees. Min loan amount £150k. Not available for new builds or flats. Shared Ownership...
As a welcome boost for first time buyers, the Melton has reduced rates on its high LTV fixed rate products by up to 50 bps: 5 Year Fixed Rate to 30 September 2026 (initial pay rate reduced from 3.39% to 89%), 90% LTV, app fee £199, no completion fee. Minimum loan amount £150k. Not available...
With uncertainty surrounding Covid-19 and fears of being stranded abroad weighing high in the mind of travellers, ‘staycation’ remains the holiday of choice for many driving unprecedented growth in the holiday buy to let market. Dan Atkinson, Head of Intermediaries, at the Melton Building Society answers some of the questions most frequently asked by brokers:...
The Melton has expanded its range of Holiday Buy to Lets with the addition of a Fixed Rate Holiday Buy to Let product available for non-regulated and regulated cases: Holiday Buy to Let Fixed Rate (3.49%) to 30 November 2023, 75% LTV. £199 Application Fee, £1,299 Completion Fee. 2 years ERCs. “The demand for holiday...
The Melton has launched a new 2 Year Discounted Holiday Buy to Let product: Holiday Buy to Let Non Regulated discounted by 1.60% for 2 Years (initial pay rate 3.39%). 75% LTV. £199 Application Fee, £599 Completion Fee. 2 years ERCs. “The impact of Covid restrictions on foreign travel has shone a light on domestic...
The Melton launched a limited tranche of 85% and 90% LTV mortgages on Wednesday 18 November 2020. Both products are available for purchase and remortgage: 5 Year Fixed Rate at 3.79%, 90% LTV with a £199 application fee. Minimum loan amount £150k. Available to purchasers in the East Midlands only. Not available for new builds...
The Melton has reduced rates by up to 50 bps on its Standard, Eco and Short Term Self Build mortgages. With rates starting at 3.49%, self build, custom build, renovation and conversion is increasingly available to a wider range of customers. “Self-build plays a key role in increasing housing supply and we are committed to...
The Melton has reduced rates on its 3 and 5 year fixed rate Help to Buy products by 50 bps. The Melton’s Help to Buy products are available for both purchase and remortgage, including staircasing, to support the growing number of first time buyers and existing Help to Buy homeowners who are facing affordability challenges:...
Our affordability calculator can be accessed once you have registered and logged in to our online application portal.
