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 – MBS Lending
Effective Friday 18th June 2021, the following products will be launched with rolled on fixed rate end dates:-
Standard Residential Fixed Rates
FIX 149 – 2.29% 5 Year Fixed Rate to 31 July 2026, 75% LTV, App fee £199, Fees Assisted Legals, 5 Years’ ERCs
FIX 148 – 2.45% 5 Year Fixed Rate to 31 July 2026, 80% LTV, App fee £199, Fees Assisted Legals, 5 Years’ ERCs, Min loan £25k
FIX 146 – 2.89% 5 Year Fixed Rate to 31 July 2026, 85% LTV App fee £199. Minimum loan amount £100k. Not available for new build properties or flats. 5 Years’ ERCs, Min loan £100k
FIX 147 – 3.39% 5 Year Fixed Rate to 31 July 2026, 90% LTV App fee £199 / Completion Fee £999. Not available for new build properties or flats. 5 Years’ ERCs, Min loan £150k
Shared Ownership
FIX 150 – 3.99% Shared Ownership 5 Year Fixed rate to 31 July 2026, 95% LTS, App Fee £199 / No Comp Fee, Min loan £100k, Free Basic Valuation
Withdrawn Products
FIX 134 (initial pay rate 2.29%)
FIX 135 (initial pay rate 2.45%)
FIX 138 (initial pay rate 2.89%)
FIX 142 (initial pay rate 3.39%)
FIX 143 (initial pay rate 3.99%)
Outstanding applications will be given a deadline of close of business on Friday 18th July 2021 for submission.
For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk. If you have any queries please call our Broker Support Team on 01664 414144.