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Articles in the category Uncategorised
New High LTV Fixed Rate and Reduced Rate on Shared Ownership
04/10/2021
As a helping hand to clients requiring higher LTV options, the Melton has launched a new high LTV mortgage and reduced the rate on shared ownership: 3 Year Fixed Rate to 31 January 2025 (initial pay rate 2.49%), 90% LTV, no fees. Min loan amount £150k. Not available for new builds or flats. Shared Ownership...
Rates Reduced on High LTVs
24/08/2021
As a welcome boost for first time buyers, the Melton has reduced rates on its high LTV fixed rate products by up to 50 bps: 5 Year Fixed Rate to 30 September 2026 (initial pay rate reduced from 3.39% to 89%), 90% LTV, app fee £199, no completion fee. Minimum loan amount £150k. Not available...
Holiday Buy to Let – Your Questions Answered
19/08/2021
With uncertainty surrounding Covid-19 and fears of being stranded abroad weighing high in the mind of travellers, ‘staycation’ remains the holiday of choice for many driving unprecedented growth in the holiday buy to let market. Dan Atkinson, Head of Intermediaries, at the Melton Building Society answers some of the questions most frequently asked by brokers:...
New Fixed Rate Holiday Buy to Let
04/08/2021
The Melton has expanded its range of Holiday Buy to Lets with the addition of a Fixed Rate Holiday Buy to Let product available for non-regulated and regulated cases: Holiday Buy to Let Fixed Rate (3.49%) to 30 November 2023, 75% LTV. £199 Application Fee, £1,299 Completion Fee. 2 years ERCs. “The demand for holiday...
New 2 Year Discounted Holiday Buy to Let
18/05/2021
The Melton has launched a new 2 Year Discounted Holiday Buy to Let product: Holiday Buy to Let Non Regulated discounted by 1.60% for 2 Years (initial pay rate 3.39%). 75% LTV. £199 Application Fee, £599 Completion Fee. 2 years ERCs. “The impact of Covid restrictions on foreign travel has shone a light on domestic...
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...
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...
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:...
The Melton Voted Best Self Build Mortgage Provider for Second Year in a Row in What Mortgage Awards
16/07/2020
The Melton has been voted Best Self Build Mortgage Provider in the What Mortgage Awards 2020 for the second year in a row. The Society also received Highly Commended in the Best Building Society Customer Service category. Voted for by consumers, the What Mortgage Awards recognise the best businesses in the UK’s mortgage and personal...
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.