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...
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...
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.
5% minimum deposit Parents allowed on mortgage to support affordability Gifted deposit accepted Share ownership up to 95% loan to share
Our new online end to end mortgage processing system enables you to register, obtain a DIP, submit an application, upload documents and track cases online – all in one easy to access place. Simply register for an online account where you will be able to submit a Decision in Principle (DIP) and a full mortgage...
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...
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...
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...
