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.
News from MBS Lending
Effective Tuesday 4th May 2021, we are pleased to be launching the following fixed rate retention products:-
Product Transfers
MBSL 148 – 2.99% Fixed rate to 31 August 2023, 70% LTV, seasoned criteria only
MBSL 147 – 3.49% Fixed rate to 31 August 2023, 95% LTV
Withdrawn products
MBSL 089 (initial pay rate 3.99%)
MBSL 108 (initial pay rate 3.49%)
MBSL 109 (initial pay rate 2.99%)
Outstanding applications will be given a deadline of close of business on Tuesday 4th May 2021 for submission.
For full details of our products and criteria, please visit our website www.mbslending.co.uk. If you have any enquiries, please call our Broker Support Team on 01664 414144.
Product Update
Effective Tuesday 4th May 2021, we are pleased to be launching a new range of scheme transfer products including 2 new products at 80% LTV:-
Product Transfers
STFX 117 – 1.99% Fixed rate to 30 April 2024, 60% LTV
STFX 111 – 2.35% Fixed rate to 30 April 2024, 75% LTV
STFX 113 – 2.45% Fixed rate to 30 April 2024, 80% LTV
STFX 114 – 2.59% Fixed rate to 30 April 2024, 90% LTV
STFX 112 – 3.15% Fixed rate to 30 April 2024, 95% LTV
STFX 116 – 2.09% Fixed rate to 31 May 2026, 60% LTV
STFX 115 – 2.55% Fixed rate to 31 May 2026, 75% LTV
STDR 110 – 2.29% Discounted for Term, 80% LTV
STDR 111 – 2.49% Discounted for Term, 90% LTV
STDR 109 – 2.99% Discounted for Term, 95% LTV
Withdrawn products
STFX 103 (initial pay rate 2.35%)
STFX 104 (initial pay rate 2.09%)
STFX 105 (initial pay rate 2.59%)
STFX 106 (initial pay rate 3.15%)
STFX 107 (initial pay rate 2.29%)
STFX 108 (initial pay rate 2.55%)
STFX 109 (initial pay rate 2.75%)
STFX 110 (initial pay rate 3.29%)
STDR 106 (initial pay rate 2.69%)
STDR 107 (initial pay rate 2.09%)
Outstanding applications will be given a deadline of close of business on Tuesday 4th May 2021 for submission.
Please visit our website www.themeltonbrokers.co.uk. If you have any queries please call our Broker Support Team on 01664 414144.