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 21st May 2021, the following fixed rate products will be launched:-
Standard Residential
MBSL 149 – 3.49% Near Prime Enhance Fixed to 30 September 2023. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 150 – 4.49% Near Prime Fixed to 30 September 2023. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 151 – 5.49% Credit Assist Fixed to 30 September 2023. 70% LTV. Fees £150 / £1395, Max loan size £500k
MBSL 152 – 6.49% Credit Recovery Fixed to 30 September 2023. 70% LTV. Fees £150 / £1395, Max loan size £500k
Withdrawn products
MBSL 143 (initial pay rate 3.49%)
MBSL 144 (initial pay rate 4.49%)
MBSL 145 (initial pay rate 5.49%)
MBSL 146 (initial pay rate 6.49%)
Outstanding applications will be given a deadline of close of business on Friday 21st May 2021 for submission.
For full details of our products and criteria, please visit our website www.mbslending.co.uk. If you have any enquiries, please call our Broker Support Team on 01664 414144.
Product Update
Effective Friday 21st May 2021, the following products will be launched:-
Buy to Let
BTL 108– 2.29% Business Buy to Let 2 Year Fixed Rate to 30 September 2023, 75% LTV, Fees £199 / £399
Standard Residential
FIX 144 – 2.09% 2 Year Fixed Rate to 30 September 2023, 75% LTV, No product fees, Fees Assisted Legals – refer to website for full terms
FIX 145 – 2.25% 2 Year Fixed Rate to 30 September 2023, 80% LTV, No product fees, Fees Assisted Legals – refer to website for full terms
Withdrawn Products
BTL 105 (initial pay rate 2.29%)
FIX 140 (initial pay rate 2.09%)
FIX 141 (initial pay rate 2.25%)
Outstanding applications will be given a deadline of close of business on Friday 21st May 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.
Product Update
Effective today, Tuesday 18th May 2021, the following 5 Year Holiday Buy to Let product will be withdrawn:-
Withdrawn Products
BTL 106 (initial pay rate 3.79%)
Outstanding applications will be given a deadline of close of business on Thursday 20th May 2021 for submission.
Please visit our website www.themeltonbrokers.co.uk. If you have any queries please call our Broker Support Team on 01664 414144.