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.
New Fixed Rates
Effective Monday 6th December 2021, the following fixed rate products will be launched with updated end dates:-
Shared Ownership
FIX 178 (initial pay rate 3.79%) Shared Ownership 5 Year Fixed Rate to 31 January 2027, No Fees. 95% LTS / 75% LTV. Min loan amount £100k.
Standard Residential
FIX 174 (initial pay rate 2.29%) 5 Year Fixed Rate to 31 January 2027, 75% LTV, App Fee £199, Fees Assisted Legals, 5 Years’ ERCs.
FIX 175 (initial pay rate 2.45%) 5 Year Fixed Rate to 31 January 2027, 80% LTV, App Fee £199, Fees Assisted Legals, 5 Years’ ERCs.
FIX 176 (initial pay rate 2.59%) 5 Year Fixed Rate to 31 January 2027, 85% LTV, App fee £199, Minimum loan amount £100k. Not available for flats.
FIX 177 (initial pay rate 2.89%) 5 Year Fixed Rate to 31 January 2027, 90% LTV, App fee £199 / No Completion Fee. Min loan amount £150k. Not available for flats
Product Transfers
STFX 123 (initial pay rate 2.35%) Fixed rate to 31 January 2025, 75% LTV
STFX 124 (initial pay rate 2.45%) Fixed rate to 31 January 2025, 80% LTV
STFX 122 (initial pay rate 1.99%) Fixed rate to 31 January 2025, 60% LTV
STFX 125 (initial pay rate 2.59%) Fixed rate to 31 January 2025, 90% LTV
STFX 126 (initial pay rate 3.15%) Fixed rate to 31 January 2025, 95% LTV
STFX 128 (initial pay rate 2.55%) Fixed rate to 31 January 2027, 75% LTV
STFX 127 (initial pay rate 2.09%) Fixed rate to 31 January 2027, 60% LTV
Withdrawn products
FIX 161 (initial pay rate 3.79%)
FIX 165 (initial pay rate 2.29%)
FIX 166 (initial pay rate 2.45%)
FIX 167 (initial pay rate 2.59%)
FIX 168 (initial pay rate 2.89%)
STFX 111 (initial pay rate 2.35%)
STFX 118 (initial pay rate 2.45%)
STFX 119 (initial pay rate 1.99%)
STFX 120 (initial pay rate 2.59%)
STFX 121 (initial pay rate 3.15%)
STFX 115 (initial pay rate 2.55%)
STFX 116 (initial pay rate 2.09%)
For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk.
New Fixed Rate Products- MBS Lending
Effective Monday 6th December 2021, the following fixed rate products will be launched with updated end dates:-
Product Transfers
MBSL 162 (initial pay rate 3.49%) Fixed Rate to 29 February 2024, 95% LTV
MBSL 163 (initial pay rate 2.99%) Fixed Rate to 29 February 2024, 70% LTV, Seasoned criteria applies
Withdrawn products
MBSL 147 (initial pay rate 3.49%)
MBSL 148 (initial pay rate 2.99%)
Outstanding applications on the old codes will have until close of business on Monday 6th December 2021 to be submitted.
For full details of our products and criteria, please visit our website www.mbslending.co.uk.