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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Security types

23/08/2017

The Society will lend on freehold houses and bungalows, but not on flats

1. Society Standard
The Society will consider loans to individuals requiring funds to purchase land with full planning permission and building regulations approval for a residential property and for the construction of a residential property with monies being released in stage payments in arrears

2. Society Advance
The Society will consider loans to individuals requiring funds to purchase land
with at least outline planning permission for a residential property and for the construction of a residential property with monies being released in stage payments in advance

Full details including plans, cost estimates, schedule of works and timescales must be obtained

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