Coronavirus - Help us to help you.

We have temporarily reduced our opening hours.  From Monday 8 June our Principal Office will be open Monday to Friday, 9am to 6pm and closed on Saturdays. Please be patient with us while we work hard to minimise the impact of COVID-19 on our services. We apologise for any inconvenience this may cause.

Due to unprecedented demand we are extremely busy at the moment and our service levels may be longer than normal.  We apologise for any inconvenience this may cause.

Key Temporary Criteria

  • Maximum LTV is 80%
  • We are now accepting new build applications up to max 80% LTV (60% for flats)
  • We have temporarily withdrawn all shared ownership products
  • We will consider furloughed applicants by referral only. Please contact us to discuss with full details of the circumstances before submitting an application
  • We are conducting desktop valuations on all applications up to 70% LTV that meet our AVM criteria. These can then progress to offer as normal. Applications above 70% LTV and those that do not meet criteria, will be progressed as far as possible and subject to a physical valuation before a binding offer can be issued. We are now instructing physical valuations in England & Wales

 

Thank you for your patience
The Melton for Brokers

THE INFORMATION ON THIS WEBPAGE IS FOR THE USE OF PROFESSIONAL INTERMEDIARIES ONLY

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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:

  • Help to Buy England and Wales – 5 year fixed rate 2.25%, £199 application fee. Max LTV 75%
  • Help to Buy London – 5 year fixed rate 2.19%, £199 application fee. Max LTV 55%
  • Help to Buy England and Wales – 3 year fixed rate 2.15%, £199 application fee. Max LTV 75%
  • Help to Buy London – 3 year fixed rate 2.09%, £199 application fee. Max LTV 55%

“We are committed to helping first time buyers get onto the property ladder by ensuring we offer a choice of products that support affordability,” says Dan Atkinson, Head of Sales and Marketing, the Melton.

Further information about the Melton’s Help to Buy products and criteria can be found on the Society’s the Help to Buy section on their broker website www.themeltonbrokers.co.uk or by calling Broker Support Team on 01664 414144.

Service Update

Due to unprecedented demand we are extremely busy at the moment and our service levels may be longer than normal.

We apologise for any inconvenience this may cause.