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All products above 60% LTV prior to being temporarily withdrawn will be reinstated up to 90% LTV.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