Melton Building Society have announced some forthcoming product changes. See below for details. For current product information, their intermediary website can be accessed here. REMEMBER, you can access the Melton product range using our Direct to Lender mortgage club so do contact us for further information.
Product Changes
Effective 19 January 2022, the Society will launch a 2 year fixed rate Holiday Buy to Let product and remove its Advance Self-Build offering as detailed below:-
Holiday Buy to Let – New Product
BTL 117 (initial pay rate 3.49%) Holiday Buy to Let Fixed Rate to 31 March 2024, 75% LTV. £199 Application Fee, £1,299 Completion Fee. 2 years ERCs. Also available as a regulated product for Consumer Buy to Let applications (BTL 116).
Self Build – Advance Product Withdrawal
SB 047 (initial pay rate 4.59%)
Outstanding applications will be given a deadline of close of business on 19 January 2022 for submission.
For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk.