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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Articles in the category Uncategorised

The Melton Re-Enters High LTV Market

20/11/2020

The Melton launched a limited tranche of 85% and 90% LTV mortgages on Wednesday 18 November 2020.  Both products are available for purchase and remortgage: 5 Year Fixed Rate at 3.79%, 90% LTV with a £199 application fee. Minimum loan amount £150k. Available to purchasers in the East Midlands only. Not available for new builds...

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Self Build Sale – the Melton Reduces Rates on Self Build

19/10/2020

The Melton has reduced rates by up to 50 bps on its Standard, Eco and Short Term Self Build mortgages.  With rates starting at 3.49%, self build, custom build, renovation and conversion is increasingly available to a wider range of customers. “Self-build plays a key role in increasing housing supply and we are committed to...

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Rates Reduced on Help to Buy Fixes

19/10/2020

The Melton has reduced rates on its 3 and 5 year fixed rate Help to Buy products by 50 bps. The Melton’s Help to Buy products are available for both purchase and remortgage, including staircasing, to support the growing number of first time buyers and existing Help to Buy homeowners who are facing affordability challenges:...

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Undertaking Building Work: New NaCSBA Guidance

15/05/2020

NaCSBA has produced guidance for anyone undertaking building work on site, including self builders. NaCSBA’s guidance will help self builders navigate the risk involved, and provides signposts to wider professional and governmental guidance about health and safety. Please click here to view the guidance.

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The Melton Launches Desktop Valuations

17/04/2020

We’ve been working tirelessly to provide a solution to support our brokers during this unprecedented time and we are pleased to be launching a new desktop valuation service with effect from Friday 17th April and relaunching our products up to 90% LTV. A desktop valuation will be carried out on all applications up to 90%...

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The Melton Enters Help to Buy Market

21/01/2020

The Society is entering the Help to Buy market with the launch of two new Help to Buy mortgages for both purchase and remortgage, including staircasing, to support the growing number of first time buyers and existing Help to Buy homeowners who are facing affordability challenges: • Help to Buy England and Wales – 5...

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The Melton Wins Building Society of the Year Award

15/10/2019

The Society has won the award for Building Society of the Year in the prestigious MoneyAge awards. At the awards ceremony the Society was recognised for its focus on innovation, customer outcomes and commitment to its local communities.The MoneyAge Awards celebrate excellence, professionalism and innovation in the personal finance industry

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Maximum Loan Size Increased to £1m

02/10/2019

The Melton Building Society has increased its maximum loan size to £1 million for mortgages up to 75% LTV. “We regularly review our proposition and are always looking for ways to improve our product range, particularly if it’s something our customers and brokers are asking for,” says Dan Atkinson, Head of Sales & Marketing, the...

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Rates Reduced on Fixed Rate Mortgage Scheme Transfers

08/05/2019

The Melton has reduced rates on all its fixed rate scheme transfer products by up to 30 basis points. Existing customers can transfer their mortgage up to three months before the end of the term, either direct with the Melton or through a mortgage broker, with no application or completion fees. “We believe in rewarding...

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