Coronavirus - Help us to help you.

From Monday 1 March 2021 Melton for Brokers will be open Monday to Friday, 9am to 5pm.  Our Lending Team is available 9am to 12pm on Saturdays. Key Temporary Criteria

  • Maximum LTV is 90%
  • We are now accepting new build applications up to max 80% LTV (60% for flats)
  • 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

The Melton for Brokers

THE INFORMATION ON THIS WEBPAGE IS FOR THE USE OF PROFESSIONAL INTERMEDIARIES ONLY
visit: MBS Lending  |  The Melton Building Society

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Loan terms

23/08/2017

1. Society Standard
The maximum term for a mortgage is 40 years. The maximum loan to value ratio will be as specified in product literature

If the applicant intends to remain in their current house for more than 12 months from the inception of the mortgage, the monthly mortgage or rent payment will need to be input into our affordability calculator and treated as a commitment

2. Society Advance
The maximum term for a mortgage is 40 years. The maximum loan to value ratio is as specified in product literature

If the applicant intends to remain in their current house for more than 12 months from the inception of the mortgage, the monthly mortgage or rent payment will need to be input into our affordability calculator and treated as a commitment

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