New Fixed Rate Holiday Buy to Let


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 buy to lets remains strong and the addition of a fixed rate product complements our existing discounted product to give customers more choice,” says Dan Atkinson, Head of Intermediaries, the Melton.  “Our flexible criteria combined with manual underwriting makes our holiday buy to lets an attractive proposition for savvy investors looking to make the most of the staycation boom.”

The Melton’s range of Holiday Buy to Let products has a lower interest coverage ratio calculation than the standard product range at 130% of the mortgage payment, calculated at a stressed rate of 5.5%. There’s no upper age limit and the Society will accept first time buyers, first time landlords and non-owner occupiers, with a minimum income requirement of £25,000 which can be shared between joint applicants.

The Society also offers business, regulated family and consumer buy to let products up to 75% LTV.

The Society’s broker website features a buy to let hub which includes lots of useful information about the Melton’s holiday buy to let proposition and lending criteria, together with a handy buy to let calculator which enables brokers to calculate the maximum loan amount a customer may be eligible for, or to determine the rental income required based on the requested loan amount.  The hub also includes all the documents and information brokers need to submit their applications to the Melton.