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 Product Update
Effective today, 25 November 2020, the following product will be launched with a reduced interest rate. This launch is instead of it’s previous launch date of 1st December 2020.
Standard Residential Fixed Rates
FIX 133 – 2.99% 5 Year Fixed Rate, 85% LTV with a £199 application fee. Minimum loan amount £150k. Not available for new build properties or flats.
Withdrawn Products
FIX 129 (initial pay rate 3.09%)
Outstanding applications will be given a deadline of close of business Wednesday 25 November 2020 for submission.
For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk.
Melton Product Update
Effective Thursday 1st December 2020, the following products will be launched:-
Buy to Let
BTL 102– 2.29% Business Buy to Let 2 Year Fixed Rate to 30 April 2023, 75% LTV, Fees £199 / £399
Standard Residential Fixed Rates
FIX 131 – 2.09% 2 Year Fixed Rate to 30 April 2023, 75% LTV, No product fees, Fees Assisted Legals
FIX 132 – 2.25% 2 Year Fixed Rate to 30 April 2023, 80% LTV, No product fees, Fees Assisted Legals
FIX 133 – 2.99% 5 Year Fixed Rate, 85% LTV with a £199 application fee. Minimum loan amount £150k. Not available for new build properties or flats.
Withdrawn Products
BTL 099 (initial pay rate 2.29%)
FIX 128 (initial pay rate 2.25%)
FIX 127 (initial pay rate 2.09%)
FIX 129 (initial pay rate 3.09%)
Outstanding applications will be given a deadline of close of business on Tuesday 1st December 2020 for submission.
For full details of our new products and criteria, please visit our website www.themeltonbrokers.co.uk.
MBS Lending – New Fixed Rate Products
Effective 1 December 2020, the following fixed rate products will be launched:-
Standard Residential
MBSL 139 – 3.49% Near Prime Enhance Fixed to 30 April 2023. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 140 – 4.49% Near Prime Fixed to 30 April 2023. 70% LTV. Fees £150 / £995, Max loan size £500k
MBSL 141 – 5.49% Credit Assist Fixed to 30 April 2023. 70% LTV. Fees £150 / £1395, Max loan size £500k
MBSL 142 – 6.49% Credit Recovery Fixed to 30 April 2023. 70% LTV. Fees £150 / £1395, Max loan size £500k
Withdrawn products
MBSL 135 (initial pay rate 3.49%)
MBSL 136 (initial pay rate 4.49%)
MBSL 137 (initial pay rate 5.49%)
MBSL 138 (initial pay rate 6.49%)
Outstanding applications will be given a deadline of close of business on Tuesday 1st December 2020 for submission.
For full details of our products and criteria, please visit our website www.mbslending.co.uk