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.
Melton Update |
Effective Thursday 1st October 2020, the following products will be launched. These changes include the relaunch of our Self Build range with reduced rates:- Self Build SB 042 – 4.09% Standard Self Build 75% LTV, 3 Year Discounted, Fees £500 / 0.50% SB 043 – 4.09% Short Term Self Build 75% LTV, Discounted for Term, Fees £500 / 1.00% SB 045 – 3.79% ECO Self Build 75% LTV, 3 Year Discounted, Fees £500 / 0.50%. Separate ECO criteria appplies. Buy to Let BTL 100 – 3.19% Holiday Buy to Let 2 Year Fixed Rate to 31 March 2023, 75% LTV, Fees £199 / £399 Standard Residential Fixed Rates FIX 127 – 2.09% 2 Year Fixed Rate to 31 March 2023, 75% LTV, No product fees, Fees Assisted Legals Withdrawn Products |
MBSL Update
Effective 1 October 2020, the following fixed rate products will be launched:-
Standard Residential
MBSL 135 – 3.49% Near Prime Enhance Fixed to 31 March 2023. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 136 – 4.49% Near Prime Fixed to 31 March 2023. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 137 – 5.49% Credit Assist Fixed to 31 March 2023. 70% LTV. Fees £150 / £1395, Max loan size £500k
MBSL 138 – 6.49% Credit Recovery Fixed to 31 March 2023. 70% LTV. Fees £150 / £1395, Max loan size £500k
Withdrawn products
MBSL 127 (initial pay rate 3.49%)
MBSL 128 (initial pay rate 4.49%)
MBSL 129 (initial pay rate 5.49%)
MBSL 130 (initial pay rate 6.49%)
Outstanding applications will be given a deadline of close of business on Thursday 1st October 2020 for submission.