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  • We have temporarily withdrawn all shared ownership products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
visit: MBS Lending  |  The Melton Building Society

The Melton Launches Desktop Valuations

17/04/2020

We’ve been working tirelessly to provide a solution to support our brokers during this unprecedented time and we are pleased to be launching a new desktop valuation service with effect from Friday 17th April and relaunching our products up to 90% LTV.

A desktop valuation will be carried out on all applications up to 90% LTV where it meets our criteria. Applications up to 75% LTV can then progress to offer as normal. Applications above 75% LTV and those that do not meet our desktop valuation criteria will be subject to a physical valuation being carried out when possible, before an offer can be issued.

All products above 60% LTV prior to being temporarily withdrawn will be reinstated up to 90% LTV, with the exception of our Help to Buy and Advance Self Build products. We will not be accepting new build applications during this time.

Posted in:

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.