Products Changes
Effective 8th March 2022, the Society will launch the following new products:-
Standard Residential
FIX 184 (initial pay rate 2.29%) 2 Year Fixed Rate to 31 May 2024, 75% LTV, £499 completion fee
FIX 183 (initial pay rate 2.45%) 2 Year Fixed Rate to 31 May 2024, 80% LTV, £499 completion fee
FIX 188 (initial pay rate 2.69%) 2 Year Fixed Rate to 31 May 2024, 85% LTV, No Fees, Free Basic Valuation, Not available for flats, £499 completion fee
FIX 190 (initial pay rate 2.95%) 2 Year Fixed Rate to 31 May 2024, 90% LTV, No fees, Free Basic Valuation, Not available for flats, £499 completion fee
FIX 185 (initial pay rate 2.45%) 5 Year Fixed Rate to 30 April 2027, 75% LTV, App Fee £199, Fees Assisted Legals, 5 Years’ ERCs.
FIX 186 (initial pay rate 2.55%) 5 Year Fixed Rate to 30 April 2027, 80% LTV, App Fee £199, Fees Assisted Legals, 5 Years’ ERCs.
FIX 187 (initial pay rate 2.75%) 5 Year Fixed Rate to 30 April 2027, 85% LTV, App fee £199, Minimum loan amount £100k. Not available for flats.
FIX 189 (initial pay rate 2.89%) 5 Year Fixed Rate to 30 April 2027, 90% LTV, App fee £199 / No Completion Fee. Min loan amount £150k. Not available for flats
Shared Ownership
FIX 181 (initial pay rate 3.49%) Shared Ownership 2 Year Fixed Rate to 31 May 2024, App Fee £199, No Completion Fee. 95% LTS / 75% LTV. Min loan amount £100k.
FIX 182 (initial pay rate 3.79%) Shared Ownership 5 Year Fixed Rate to 30 April 2027, No Fees. 95% LTS / 75% LTV. Min loan amount £100k.
Buy to Let
BTL 124 (initial pay rate 2.59%) 2 Year Fixed rate to 31 May 2024, 75% LTV
Product Transfers
STFX 134 (initial pay rate 2.19%) Product Transfer 3 Year Fixed Rate to 31 July 2025, 60% LTV
STFX 133 (initial pay rate 2.35%) Product Transfer 3 Year Fixed Rate to 31 July 2025, 75% LTV
STFX 132 (initial pay rate 2.45%) Product Transfer 3 Year Fixed Rate to 31 July 2025, 80% LTV
STFX 130 (initial pay rate 2.79%) Product Transfer 3 Year Fixed Rate to 31 July 2025, 90% LTV
STFX 131 (initial pay rate 3.25%) Product Transfer 3 Year Fixed Rate to 31 July 2025, 95% LTV
STFX 136 (initial pay rate 2.35%) Product Transfer 5 Year Fixed Rate to 30 April 2027, 60% LTV
STFX 135 (initial pay rate 2.55%) Product Transfer 5 Year Fixed Rate to 30 April 2027, 75% LTV
STFX 137 (initial pay rate 2.55%) Product Transfer 5 Year Fixed Rate to 30 April 2027, 85% LTV
STDR 121 (initial pay rate 1.55%) Product Transfer 3 Year Discounted, 50% LTV
Withdrawn
FIX 163 (initial pay rate 2.09%)
FIX 164 (initial pay rate 2.25%)
FIX 172 (initial pay rate 2.35%)
FIX 173 (initial pay rate 2.49%)
FIX 171 (initial pay rate 3.49%)
BTL 113 (initial pay rate 2.29%)
STFX 122 (initial pay rate 1.99%)
STFX 123 (initial pay rate 2.35%)
STFX 124 (initial pay rate 2.45%)
STFX 125 (initial pay rate 2.59%)
STFX 126 (initial pay rate 3.15%)
STFX 127 (initial pay rate 2.09%)
STFX 128 (initial pay rate 2.55%)
STFX 129 (initial pay rate 2.55%)
FIX 174 (initial pay rate 2.29%)
FIX 175 (initial pay rate 2.45%)
FIX 176 (initial pay rate 2.59%)
FIX 177 (initial pay rate 2.89%)
FIX 178 (initial pay rate 3.79%)
STDR 119 (initial pay rate 1.39%)
Outstanding applications will be given a deadline of close of business on Tuesday 8th March 2022 for submission.
For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk.
News from MBS Lending
Effective Tuesday 8th March 2022, the following repriced products will be launched, including updated fixed rate end dates:-
Standard Residential
MBSL 165 – 3.74% Near Prime Enhance Fixed to 31 May 2024. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 166 – 4.74% Near Prime Fixed to 31 May 2024. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 167 – 5.74% Credit Assist Fixed to 31 May 2024. 70% LTV. Fees £150 / £1395, Max loan size £500k
MBSL 168 – 6.74% Credit Recovery Fixed to 31 May 2024. 70% LTV. Fees £150 / £1395, Max loan size £500k
MBSL 176 – 3.24% Near Prime Enhance 2 Year Discounted. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 169 – 4.24% Near Prime 2 Year Discounted. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 170 – 5.24% Credit Assist 2 Year Discounted. 70% LTV. Fees £150 / £1395, Max loan size £500k
MBSL 171 – 6.24% Credit Recovery 2 Year Variable. 70% LTV. Fees £150 / £1395, Max loan size £500k
Product Transfers
MBSL 174 (initial pay rate 3.49%) Product Transfer Fixed Rate to 31 May 2024, 95% LTV, No fees
MBSL 173 (initial pay rate 2.99%) Product Transfer Fixed Rate to 31 May 2024, 70% LTV, No fees
MBSL 172 (initial pay rate 2.49%) Product Transfer Discounted for Term, 70% LTV, No fees
Withdrawn products
MBSL 158 (initial pay rate 3.49%)
MBSL 159 (initial pay rate 4.49%)
MBSL 160 (initial pay rate 5.49%)
MBSL 161 (initial pay rate 6.49%)
MBSL 131 (initial pay rate 2.99%)
MBSL 132 (initial pay rate 3.99%)
MBSL 133 (initial pay rate 4.99%)
MBSL 134 (initial pay rate 5.99%)
MBSL 162 (initial pay rate 3.49%)
MBSL 163 (initial pay rate 2.99%)
MBSL 110 (initial pay rate 2.25%)
Outstanding applications will be given a deadline of close of business on Tuesday 8th March 2022 for submission.
For full details of our products and criteria, please visit our website www.mbslending.co.uk.