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. 

Product Update – The Melton Lending

Effective Wednesday 14th July 2021, the following products will be launched with rolled on fixed rate end dates:-

Standard Residential Fixed Rates
FIX 152 – 2.09% 2 Year Fixed Rate to 30 November 2023, 75% LTV, No fees, Fees Assisted Legals
FIX 151 – 2.25% 2 Year Fixed Rate to 30 November 2023, 80% LTV, No fees, Fees Assisted Legals

Buy to Let
BTL 110 – 2.29% Buy to Let 2 Year Fixed rate to 30 November 2023, 75% LTV, £199 App Fee / £399 Comp Fee,

Scheme Transfers
STFX 121 – 3.15% Scheme Transfer Fixed Rate to 31 October 2024, 95% LTV
STFX 120 – 2.59% Scheme Transfer Fixed Rate to 31 October 2024, 90% LTV
STFX 118 – 2.45% Scheme Transfer Fixed Rate to 31 October 2024, 80% LTV
STFX 119 – 1.99% Scheme Transfer Fixed Rate to 31 October 2024, 60% LTV

Withdrawn Products
FIX 144 (initial pay rate 2.09%)
FIX 145 (initial pay rate 2.25%)
BTL108 (initial pay rate 2.29%)
STFX 112 (initial pay rate 3.15%)
STFX 113 (initial pay rate 2.45%)
STFX 114 (initial pay rate 2.59%)
STFX 117 (initial pay rate 1.99%)

Outstanding applications will be given a deadline of close of business on Wednesday 14th July 2021 for submission.

Product Update – MBS Lending

Effective Wednesday 14th July 2021, the following fixed rate products will be launched:-

Standard Residential
MBSL 153 – 3.49% Near Prime Enhance Fixed to 30 November 2023. 70% LTV.  Fees £150 / £995, Max loan size £500k

MBSL 154 – 4.49% Near Prime Fixed to 30 November 2023. 70% LTV.  Fees £150 / £995, Max loan size £500k

MBSL 155 – 5.49% Credit Assist Fixed to 30 November 2023. 70% LTV.  Fees £150 / £1395, Max loan size £500k

MBSL 156 – 6.49% Credit Recovery Fixed to 30 November 2023. 70% LTV.  Fees £150 / £1395, Max loan size £500k

Withdrawn products
MBSL 149 (initial pay rate 3.49%)
MBSL 150 (initial pay rate 4.49%)
MBSL 151 (initial pay rate 5.49%)
MBSL 152 (initial pay rate 6.49%)

Outstanding applications will be given a deadline of close of business on Wednesday 14th July 2021 for submission.

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