With immediate effect, the Melton Building Society, and its subsidiary MBS Lending, have joined SimplyBiz Mortgages’ lender panel.
The Melton offers a range of residential mortgages up to 95% LTV for purchase and remortgage, alongside niche lending products which include buy-to-let, holiday let, self-build, shared ownership and short-term lending, with credit repair mortgages offered through the MBS Lending brand.
Martin Reynolds, chief executive of SimplyBiz Mortgages, said: “The Building Society sector is flourishing at present with a sensible approach to underwriting and the personal service.
“Both the Melton and MBS Lending offer some interesting niche criteria areas that will be welcomed by our members.”
The Melton provides an online end-to-end mortgage processing system that enables brokers to register, obtain a DIP, submit an application, upload documents and track cases online. They can also access current service levels, affordability calculator, product guide, lending criteria and a new self-build hub.
Nicola Alvarez, director of sales and marketing at the Melton, added: “We are keen to extend our distribution reach and the directly authorised market offers plenty of opportunities.
“We look forward to working with SimplyBiz Mortgages and supporting members with solutions for customers who may not fit standard high street criteria.”