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  • We have temporarily withdrawn all shared ownership products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

Blog Archives

Insurance

23/08/2017

Site insurance must be in place at the time of completion and must cover as a minimum: £5m Public Liability £10m Employers Liability Contract works for the re-instatement value Reinstatement for any existing structure The Society’s interest noted as mortgagee Title insurance will be arranged to protect against defective title and/or planning consents and permissions

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Interest only

23/08/2017

Permitted on specific products – refer to product guide Maximum LTV 60% Minimum equity £175,000 (£250,000 where downsizing is the repayment strategy) Repayment strategy: Must be held in the UK in £ Sterling. Repayment strategies held outside the UK or not in £ Sterling are not acceptable Endowment policy Projection from the provider based on...

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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.