The Melton reintroduces high LTV products

Jake Carter

November 10, 2020

stamp duty

The Melton Building Society is reintroducing two high LTV mortgage products, which will be available from 18 November.

The products include a 90% LTV 5-year fix at 3.79%, which is only available to purchasers in the East Midlands.

In addition, the lender has added an 85% LTV 5-year fix at 3.09, with a £199 application fee.

Both offerings are for purchase and remortgage, include a minimum loan amount of £150,000 and are not available for new builds and flats.

Dan Atkinson, head of sales and marketing, at the Melton, said: “Despite today’s ever changing market we remain committed to providing customers with the best mortgage options.

“Restricting our 90% LTV product to the East Midlands will give our local customers the opportunity to find the right home and a better chance of securing these rates.

“Although we have to limit these high LTV products to protect our service levels, we hope that by giving brokers advance notice they will have more time to contact clients who may find our products suitable.”

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