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  • We have temporarily withdrawn all shared ownership products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
visit: MBS Lending  |  The Melton Building Society

75% LTV on Buy to Let from the Melton

31/07/2017

Following feedback from brokers, the Melton has increased the LTV on its Consumer, Family and Business Buy to Let products from 60% to 75% making buy to let a viable option for a wide range of customers.  The Melton’s buy to let proposition allows landlords a portfolio of up to three properties with a total borrowing of £500,000.

“Now customers only require a 25% deposit if they wish to invest in property to let and our Family Buy to Let mortgage means customers can embrace the family financial resources and buy to let to family,” said Nicola Alvarez, Director of Sales & Marketing, the Melton.

The Melton’s buy to let portfolio includes Consumer Buy to Let, Business Buy to Let, Holiday Buy to Let and Family Buy to Let.

Full details can be found on the Melton’s website www.themeltonbrokers.co.uk or by calling Broker Support on 01664 414144.

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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.