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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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.

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