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  • We have temporarily withdrawn all shared ownership products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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The Melton Re-Enters High LTV Market

20/11/2020

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, www.themeltonbrokers.co.uk.  They can also access current service levels, affordability and buy to let calculators, product guide and lending criteria.

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.