MBS Lending cuts rates for credit repair mortgages

Michael Lloyd

January 20, 2020

MBS Lending, the Melton Building Society’s credit repair subsidiary, has reduced rates across its range of credit repair mortgages and has added an extended range of fixed rate mortgages.

MBS Lending has also reduced completion fees on its near prime credit assist and credit recovery products.

Dan Atkinson, head of sales and marketing at the Melton, said: “We consistently review our proposition to ensure we’re meeting the diverse needs of our customers.

“These changes ensure we offer a balanced choice of discounted and fixed rate products at a competitive price that deliver great outcomes for our customers.”

In the lender’s near-prime category it has reduced its fixed rate product from 5.49% to 4.99% and discounted product from 4.99% to 4.49%.

It has also cut completion fees from £1395 to £995 on both these products.

In the near-prime category it will consider clients who have suffered with arrears, CCJs, defaults, IVAs or DMPs.

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