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  • We have temporarily withdrawn all shared ownership products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

Buy to Let Just Got Better at the Melton

07/08/2018

We have made a number of enhancements to our buy to let proposition:

• Leasehold included – we will now consider leasehold as well as freehold properties for our Buy to Let mortgages up to a max LTV 60%.

• Max loan size increased – we’ve increased our max loan size from £250k to £500k for all our Buy to Let products.

• Holiday Buy to Let – Holiday Let income for new Holiday Buy to Let mortgages will now be based on the average of low, medium and high seasonal data received from a letting agent with relevant experience in the area of the property and taking 80% as a max occupancy rate.

For full details of our products and criteria, please take a look at our Buy to Let Hub. If you have any enquiries, please call our Broker Support Team on 01664 414144.

Posted in:

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.