New Lower ICR for Business Buy to Let Remortgages


The Melton has launched a new pound-for-pound remortgage product for business buy to let customers only with a lower interest coverage ratio of 130% of the monthly mortgage interest payment.  This product is calculated on an interest only basis using a stressed interest rate of 5.5%. The Melton considers lending to landlords with a portfolio...

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75% LTV on Buy to Let from the Melton


Following feedback from brokers, the Melton has increased the LTV on its Consumer, Family and Business Buy to Let products from 60% to 75% making buy to let a viable option for a wide range of customers.  The Melton’s buy to let proposition allows landlords a portfolio of up to three properties with a total...

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The Melton Broadens Accessibility Of Self Build


In direct response to customer feedback, the Society has launched a new Short Term Self Build Product with a minimum term of 12 months and maximum term of 5 years, with no ERCs (early repayment charges).  This product will be particularly beneficial to customers who may also own a residential property that they wish to...

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New Family Assist Self Build Mortgage


The Melton has extended its range of self build mortgages with the launch of a new Family Assist Self Build Mortgage.  This innovative new product allows parents to provide the deposit and have it returned as a final stage payment on completion of the build, making self build a viable option for a diverse range...

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You said. We did.


As a direct result of feedback from our broker survey in September, we have implemented a number of changes to improve our service to you.  54% of respondents asked for quicker processing times and an online application system.  We’ve provided just that, including a brand new easy to use broker website.

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The Melton scores awards hat trick!


The Melton has received three top industry awards in 2016 – Moneyfacts commendation in the First Time Buyer category, winner of Mortgage Provider of the Year in the MoneyAge Awards and winner of the Mortgage Finance Gazette Mortgage Product Innovation Award. “We are extremely proud to be winners of not just one, but three industry...

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MoneyAge Mortgage Provider of the Year


  The MoneyAge Mortgage Provider of the Year award is one of the most coveted of all the MoneyAge accolades, given how competitive a market it is and how crucial this form of lending is to consumers today. This year the trophy went to a lender which has shown a true dedication to meeting its...

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The Mortgage Credit Directive


The Mortgage Credit Directive (MCD) provides an EU-wide framework of conduct rules for mortgage activities. It sets minimum regulatory requirements that members must meet to provide consistency in protecting consumers taking out credit agreements for residential property. We have summarised the key changes and how we intend to meet these before the implementation date of...

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