Brilliant Solutions

Melton BS Product Update

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 044 – 3.49% Standard Self Build 50% LTV, 3 Year Discounted, Fees £500 / 0.50%

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 029 – 2.29% Buy to Let 2 Year Fixed Rate to 31 March 2023, 75% LTV, Fees £199 / £399

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 128 – 2.25% 2 Year Fixed Rate to 31 March 2023, 80% LTV, No product fees, Fees Assisted Legals

FIX 127 – 2.09% 2 Year Fixed Rate to 31 March 2023, 75% LTV, No product fees, Fees Assisted Legals

Withdrawn Products
SB 041 (initial pay rate 3.49%)
SB 038 (initial pay rate 4.59%)
SB 040 (initial pay rate 4.59%)
SB 039 (initial pay rate 4.09%)
SB 031 (initial pay rate 4.59%)
BTL 095 (initial pay rate 2.29%)
BTL 096 (initial pay rate 3.19%)
FIX 121 (initial pay rate 2.25%)
FIX 122 (initial pay rate 2.09%)

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Withdrawn products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.

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