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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.