The Melton introduces desktop valuations and relaunches 90% LTV products

Ryan Fowler

April 17, 2020

Building Society The Melton has launched a desktop valuation service and relaunched products up to 90% loan-to-value (LTV).

The society said it will carry out a desktop valuation on all applications up to 90% LTV where it meets criteria. Applications up to 75% LTV can then progress to offer as normal.

Applications above 75% LTV and those that do not meet our desktop valuation criteria will be subject to a physical valuation being carried out when possible, before an offer can be issued.

All products above 60% LTV prior to being temporarily withdrawn will be reinstated up to 90% LTV.

However, this excludes The Melton’s Help to Buy and Advance Self Build products.

A statement on The Melton’s website read: “We will not be accepting new build applications during this time.”

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