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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Blog Archives

Help to Buy

15/01/2020

Considered in England and Wales First Time Buyers only for new purchases Maximum 75% LTV (55% in London) for purchase and remortgage Maximum purchase price £600k (£300k in Wales) Repayment only – maximum term of 40 years Freehold property only Authority to Proceed (ATP) must have been granted by Help to Buy agent on application...

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Holiday Let

23/08/2017

Gross rental income must cover the mortgage payment (calculated at the Society’s BTL stressed rate on an interest only basis) by a minimum of 130%. For the purpose of HBTL, gross rental income shall be; In the case of an existing holiday let (purchase or remortgage), a minimum of one year’s gross rental income verified...

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