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Melton have increased their Buy to Let LTV.

05 July 2017

The Melton for brokers

Melton have launched 3 new BTL products at 75% LTV and a new Shared Ownership fixed rate at 95% LTS.

They have also extended the end date on their 3 year fixed rate products and launched a new 3 year product at 95% LTV

These changes are detailed below:

New Products

FIX 048 - 2.29% Fixed Rate to 31 October 2020 - 75% LTV

FIX 047 - 2.59% Fixed Rate to 31 October 2020 - 85% LTV

FIX 050 - 2.89% Fixed Rate to 31 October 2020 - 90% LTV

FIX 049 - 3.29% Fixed Rate to 31 October 2020 - 95% LTV

 

FIX 046 - 3.99% Shared Ownership Fixed Rate to 30 April 2021 - 95% LTS

BTL 044 Business - 2.69% 3 Year Discounted - 75% LTV

 

BTL 043 Consumer - 2.69% 3 Year Discounted - 75% LTV

BTL 045 Family - 3.79% Discounted for Term - 75% LTV

 

Full details of the products can be found in their Broker Product Summary 

Or you can visit their website or contact their Broker Support team on 01664 414144 or by email at brokersupport@mmbs.co.uk

PLUS

Their conveyancing partner Legal Marketing Services Ltd (LMS) have developed a website that gives you quick and easy access to basic updates on your cases.

The site can be accessed from the LMS Case Tracking tab on the Melton for Brokers and MBS Lending websites, and can be used without the need to have a username and password.

 

All you need to access your case is the following information:

  • Choose The Melton / MBS Lending from the drop down list
  • Borrower surname
  • Property postcode

Once you are logged in, you will be able to see updates on the following stages:

  • Case accepted by LMS
  • Borrowers questionnaire received
  • Mortgage offer received
  • Funds requested
  • Completion

LMS will also indicate, based on current average processing, the timescale that they expect your case to complete within.


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