Coronavirus - Help us to help you.

We have temporarily reduced our opening hours.  From Monday 8 June our Principal Office will be open Monday to Friday, 9am to 6pm and closed on Saturdays. Please be patient with us while we work hard to minimise the impact of COVID-19 on our services. We apologise for any inconvenience this may cause.

Due to unprecedented demand we are extremely busy at the moment and our service levels may be longer than normal.  We apologise for any inconvenience this may cause.

Key Temporary Criteria

  • Maximum LTV is 80%
  • We are now accepting new build applications up to max 80% LTV (60% for flats)
  • We have temporarily withdrawn all shared ownership products
  • We will consider furloughed applicants by referral only. Please contact us to discuss with full details of the circumstances before submitting an application
  • We are conducting desktop valuations on all applications up to 70% LTV that meet our AVM criteria. These can then progress to offer as normal. Applications above 70% LTV and those that do not meet criteria, will be progressed as far as possible and subject to a physical valuation before a binding offer can be issued. We are now instructing physical valuations in England & Wales

 

Thank you for your patience
The Melton for Brokers

THE INFORMATION ON THIS WEBPAGE IS FOR THE USE OF PROFESSIONAL INTERMEDIARIES ONLY

Property Types

23/08/2017
  • The following types of property are acceptable as security:
  • Properties in England and Wales only
  • Property with a minimum valuation of £90,000
  • Leasehold with minimum remaining term on the lease of 70 years at the end of the mortgage term
  • Property in shared ownership
  • Owner occupied private dwelling

Acceptable security types:

  • Houses:
    • Detached/semi-detached/terraced/townhouse/bungalow built of traditional construction, i.e. brick or stone walls and tiled or slated roof
    • New build houses subject to maximum LTV of 80%
    • Leasehold with minimum remaining term on the lease of 70 years at the end of the mortgage term
    • Flat roofed properties will be considered although for older properties the valuer’s comments will be specifically sought
    • Properties with agricultural or equestrian ties may be considered by referral up to a maximum of 65% LTV
  • Flats:
    • Purpose built leasehold flats or maisonettes
    • Maximum 4 storeys and no balcony access
    • Leasehold with minimum remaining term on the lease of 70 years at the end of the mortgage term
    • New-build leasehold flats subject to a maximum LTV of 60%
    • Flats in converted houses may be acceptable if the conversion has been done to a professional standard. Such mortgages would be subject to initial referral for consideration
    • Ex local authority flats will only be considered with a maximum of 4 storeys, no more than 12 flats in the block, no balcony access, not in London and in an area where the number transferred into private ownership is more than 40%
  • New build acceptable warranty:
    • NHBC
    • BLP Secure
    • Premier Guarantee
    • Buildzone
    • Q Policy
    • Protek
    • Castle 10
    • ICW
    • LABC
    • One Guarantee
    • Ark Insurance Group Limited

Service Update

Due to unprecedented demand we are extremely busy at the moment and our service levels may be longer than normal.

We apologise for any inconvenience this may cause.