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The Melton Re-Enters High LTV Market


The Melton launched a limited tranche of 85% and 90% LTV mortgages on Wednesday 18 November 2020.  Both products are available for purchase and remortgage:

  • 5 Year Fixed Rate at 3.79%, 90% LTV with a £199 application fee. Minimum loan amount £150k. Available to purchasers in the East Midlands only. Not available for new builds and flats.
  • 5 Year Fixed Rate at 3.09%, 85% LTV with a £199 application fee. Minimum loan amount £150k.  Not available for new builds and flats.

“Despite today’s ever changing market we remain committed to providing customers with the best mortgage options,” says Dan Atkinson, Head of Sales and Marketing, the Melton.  “Restricting our 90% LTV product to the East Midlands will give our local customers the opportunity to find the right home and a better chance of securing these rates.  Although we have to limit these high LTV products to protect our service levels, we hope that by giving brokers advance notice they will have more time to contact clients who may find our products suitable.”

The Society provides an online end to end mortgage processing system that enables brokers to register, obtain a DIP, submit an application, upload documents and track cases online – all in one easy to access place. Brokers will find everything required to register and place business with the Melton on the Society’s intermediary website,  They can also access current service levels, affordability and buy to let calculators, product guide and lending criteria.