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.
Product Withdrawal
Effective Wednesday 18th November 2020, the following Holiday Buy to Let product will be withdrawn:-
Buy to Let
BTL 100 – 3.19% Holiday Buy to Let 2 Year Fixed Rate, 75% LTV, £598 Fees
Outstanding applications should be received by close of business 18th November 2020.
For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk.
New High LTV Mortgages
On Wednesday 18 November, we are launching a limited tranche of 85% and 90% LTV mortgages which will be available for purchase and remortgage. Additional criteria applies to the individual products as shown below:
• 90% LTV – 5 Year Fixed Rate at 3.79%, with a £199 application fee. Minimum loan amount £150k. Available to purchasers in the East Midlands only. Not available for new build properties or flats. FIX130.
• 85% LTV – 5 Year Fixed Rate at 3.09%, with a £199 application fee. Minimum loan amount £150k. Not available for new build properties or flats. FIX129.
In order to protect our service levels and support our local customers, our 90% LTV product will be available in the East Midlands only. We expect these products to be very popular, which may result in them being withdrawn at very short notice.
For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk.