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  • We have temporarily withdrawn all shared ownership products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

Blog Archives

Modern Methods of Construction

31/07/2018

The following modern methods of construction property types and cladding systems will be considered for self build lending, subject to satisfactory insurance and new build warranty, along with a full assessment of the demand and future salability: • Huf Haus • SIPs (structural insulated panels) where the outer skin is masonary, brick, polymer/cement renders or...

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Maximum Age

23/08/2017

At least one borrower must be no more than 80 at the end of the mortgage term for residential mortgages. For joint mortgages, the maximum age 80 applies to the youngest borrower. In addition to the checks on income into retirement there is also a requirement for the mortgage to be affordable based only on...

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Minimum Age

23/08/2017

18 years – Standard 25 years – Buy to Let 25 years – Self Build 65 years – Retirement Interest Only

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Maximum Loan To Value

15/08/2017

As specified in product literature LTV based on the lower of the purchase price or valuation Advances in London are subject to a maximum of 60% LTV

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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.