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  • We have temporarily withdrawn all shared ownership products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

Undertaking Building Work: New NaCSBA Guidance

15/05/2020

NaCSBA has produced guidance for anyone undertaking building work on site, including self builders. NaCSBA’s guidance will help self builders navigate the risk involved, and provides signposts to wider professional and governmental guidance about health and safety. Please click here to view the guidance.

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The Melton Launches Desktop Valuations

17/04/2020

We’ve been working tirelessly to provide a solution to support our brokers during this unprecedented time and we are pleased to be launching a new desktop valuation service with effect from Friday 17th April and relaunching our products up to 90% LTV. A desktop valuation will be carried out on all applications up to 90%...

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The Melton Enters Help to Buy Market

21/01/2020

The Society is entering the Help to Buy market with the launch of two new Help to Buy mortgages 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: • Help to Buy England and Wales – 5...

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The Melton Wins Building Society of the Year Award

15/10/2019

The Society has won the award for Building Society of the Year in the prestigious MoneyAge awards. At the awards ceremony the Society was recognised for its focus on innovation, customer outcomes and commitment to its local communities.The MoneyAge Awards celebrate excellence, professionalism and innovation in the personal finance industry

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Maximum Loan Size Increased to £1m

02/10/2019

The Melton Building Society has increased its maximum loan size to £1 million for mortgages up to 75% LTV. “We regularly review our proposition and are always looking for ways to improve our product range, particularly if it’s something our customers and brokers are asking for,” says Dan Atkinson, Head of Sales & Marketing, the...

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Rates Reduced on Fixed Rate Mortgage Scheme Transfers

08/05/2019

The Melton has reduced rates on all its fixed rate scheme transfer products by up to 30 basis points. Existing customers can transfer their mortgage up to three months before the end of the term, either direct with the Melton or through a mortgage broker, with no application or completion fees. “We believe in rewarding...

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The Melton Launches RIO Mortgage

02/04/2019

In support of the ever growing demand for later life lending, the Melton Building Society has launched a Retirement Interest Only (RIO) mortgage proposition. Offered through intermediaries, the new product is a 2.99% interest only discounted rate for term up to 50% LTV and is available to customers aged 65 and over.  Income must be...

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New BTL Fixed Rate with Lower ICR

22/01/2019

For the first time the Melton Building Society has launched a fixed rate buy to let product with a lower interest coverage ratio than its current product range. The new product has a 5 year fixed rate of 2.75% for business buy to let customers with an interest coverage ratio of 145% of the mortgage...

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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.