Maximum Loan Size Increased to £1m

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 Melton. “Increasing our maximum mortgage loan size combined with our flexible underwriting makes our products accessible to a wider range of customers and gives brokers more choice in finding the right solutions for their clients.”

The Society provides an online end to end mortgage processing system that enables brokers to register, obtain a DIP, submit an application, upload documents and track cases online – all in one easy to access place. Brokers will find everything required to register and place business with the Melton on the Society’s intermediary website, www.themeltonbrokers.co.uk. They can also access current service levels, affordability and buy to let calculators, product guide and lending criteria.