Here at Melton Building Society, we manually underwrite each case and take an individual, common-sense approach to lending, enabling us to consider those quirky cases.
- We are currently considering residential mortgages up to 90% LTV for purchase and remortgage, including capital raising up to 85% and maximum 75% LTV for debt consolidation. We don't credit score in Society and we can disregard adverse that has been satisfied for 4 or more years.
- We can also consider Shared Ownership cases up to 90% of the share, including NB houses and flats across England and Wales. Maximum overall LTV 75% and we can consider restricted staircasing clauses.
- We also have a variety of specialist BTL products, including Holiday BTL, regulated family BTL, consumer BTL and standard BTL up to 75% LTV, considering first-time buyers, first time landlords and non-owner occupiers and affordability is based on rental income.
- We are best known for self-build and have a range of products to suit a variety of avid self-builders. We are one of few lenders that only offer self-build products direct. We can consider lending money to purchase land and fund the build.
- Melton Building Society can also consider severe adverse for residential cases through our credit repair range of products. Up to a maximum of 70% LTV, we can consider unsatisfied defaults, satisfied CCJ’s, existing IVA & DMP, missed mortgage payments and even repossession that occurred over 2 years ago and day 1 discharged bankruptcy.
- For more information on the above, please visit our website and our dedicated hubs
Visit our website to get registered, submit business, upload documents and track your case all in one place using our online portal.
Contact our dedicated Sales Team via Live Chat on the website or on 01664 414144 (Option 1).
*Products from Melton Building Society can be accessed by using Dynamo for Intermediaries as your payment route.