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  • We have temporarily withdrawn all shared ownership products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

Unacceptable Security

23/08/2017
  • The following types of property are not acceptable:
  • Properties of non-standard (classed as defective under the Housing Act) construction
  • Freehold flats
  • Studio flats
  • Bedsits
  • Houseboats
  • Property adversely affected by subsidence
  • Property in a derelict condition
  • Multiple occupancy properties
  • Properties with a value of less than £90,000
  • Properties described in the valuation report as being unsuitable for mortgage purposes
  • Properties with flying freehold in excess of 15% of floor area
  • Properties attached to commercial premises
  • Ex-local authority houses in an area where the number transferred into private ownership is less than 40%
  • Farms/Small holdings
  • Restricted properties
  • Properties which are affected by Japanese Knotweed
  • Conversion of steel framed commercial premises to residential
  • Properties which are in effect ‘temporary construction’

Loans on properties which have been subject to sale or remortgage in the preceding six months will not normally be accepted with the following exceptions:

  • Inherited properties
  • Self-build properties

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.