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. 

New products – The Melton

Effective Monday 15th February 2021, the following products will be launched:-

Buy to Let
BTL 105– 2.29% Business Buy to Let 2 Year Fixed Rate to 30 June 2023, 75% LTV, Fees £199 / £399

Standard Residential
FIX 140 – 2.09% 2 Year Fixed Rate to 30 June 2023, 75% LTV, No product fees, Fees Assisted Legals – refer to website for full terms
FIX 141 – 2.25% 2 Year Fixed Rate to 30 June 2023, 80% LTV, No product fees, Fees Assisted Legals – refer to website for full terms

Withdrawn Products
BTL 102 (initial pay rate 2.29%)
FIX 131 (initial pay rate 2.09%)
FIX 132 (initial pay rate 2.25%)

Outstanding applications will be given a deadline of close of business on Monday 15th February 2021 for submission.

For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk.

New Fixed Rate Products – MBS Lending

Effective 15 February 2021, the following fixed rate products will be launched:-

Standard Residential
MBSL 143 – 3.49% Near Prime Enhance Fixed to 30 June 2023. 70% LTV.  Fees £150 / £995, Max loan size £500k

MBSL 144 – 4.49% Near Prime Fixed to 30 June 2023. 70% LTV.  Fees £150 / £995, Max loan size £500k

MBSL 145 – 5.49% Credit Assist Fixed to 30 June 2023. 70% LTV.  Fees £150 / £1395, Max loan size £500k

MBSL 146 – 6.49% Credit Recovery Fixed to 30 June 2023. 70% LTV.  Fees £150 / £1395, Max loan size £500k

Withdrawn products
MBSL 139 (initial pay rate 3.49%)
MBSL 140 (initial pay rate 4.49%)
MBSL 141 (initial pay rate 5.49%)
MBSL 142 (initial pay rate 6.49%)

Outstanding applications will be given a deadline of close of business on Monday 15 February 2021 for submission.

For full details of our products and criteria, please visit our website www.mbslending.co.uk.

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