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
Effective 18 February 2022, the Society will launch the following new products:
Holiday Buy to Let
BTL 117 (initial pay rate 3.09%) Holiday Buy to Let Fixed Rate to 31 March 2024, 75% LTV. £199 Application Fee, £999 Completion Fee. 2 years ERCs. Also available as a regulated product for Consumer Buy to Let applications (BTL 116).
BTL 119 (initial pay rate 3.29%) Holiday Buy to Let Fixed Rate to 31 March 2027, 75% LTV. £199 Application Fee, £999 Completion Fee. 5 years ERCs. Also available as a regulated product for Consumer Buy to Let applications (BTL 118).
BTL 122 (initial pay rate 2.99%) Holiday Buy to Let, 75% LTV. Discounted by 2.00% for 2 Years. £199 Application Fee, £599 Completion Fee. 2 years ERCs. Also available as a regulated product for Consumer Buy to Let applications (BTL 123).
Shared Ownership
FIX 179 (initial pay rate 3.25%) Shared Ownership Fixed Rate to 31 March 2027, 90% LTV. No Fees. 5 years ERCs. Free Basic Valuation.
Withdrawn Products
BTL 107 (initial pay rate 3.39%)
BTL 109 (initial pay rate 3.39%)
BTL 117 (initial pay rate 3.49%)
BTL 116 (initial pay rate 3.49%)
Outstanding applications will be given a deadline of close of business on 18 February 2022 for submission.
For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk