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. 

Melton Update

Effective Wednesday 14th October 2020, the following products will be launched. These changes include the relaunch of our Consumer Buy to Let products:-

Product Transfers
STFX 104 – 2.09% Fixed rate to 31 October 2023, 60% LTV
STFX 103 – 2.35% Fixed rate to 31 October 2023, 75% LTV
STFX 105 – 2.59% Fixed rate to 31 October 2023, 90% LTV
STFX 106 – 3.15% Fixed rate to 31 October 2023, 95% LTV

STFX 107 – 2.29% Fixed rate to 31 October 2025, 60% LTV
STFX 108 – 2.55% Fixed rate to 31 October 2025, 75% LTV
STFX 109 – 2.75% Fixed rate to 31 October 2025, 90% LTV
STFX 110 – 3.29% Fixed rate to 31 October 2025, 95% LTV

Buy to Let
BTL 084 – 2.19% Consumer Buy to Let for Term, 60% LTV, No Fees, 5 years’ ERCs

BTL 085 – 2.49% Consumer Buy to Let for Term, 75% LTV, £399 Comp Fee, 5 years’ ERCs

Withdrawn Products
STFX 096 (initial pay rate 2.09%)
STFX 095 (initial pay rate 2.35%)
STFX 097 (initial pay rate 2.59%)
STFX 098 (initial pay rate 3.15%)
STFX 099 (initial pay rate 2.29%)
STFX 100 (initial pay rate 2.55%)
STFX 101 (initial pay rate 2.75%)
STFX 102 (initial pay rate 3.29%)

Outstanding apps on the old product codes should be received by close of business Wednesday 14 October 2020.

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