Melton BS cuts Credit Repair and buy-to-let rates

Melton Building Society has reduced rates across its buy-to-let range and entire Credit Repair product range.

Credit Repair mortgage rates have reduced by up to 0.36%. Two-year fixed rates are offered up to 70% LTV with a £199 application fee and varying completion fees across the range.

In addition to the Credit Repair reductions, the Society has reduced buy-to-let rates by up to 0.20%. Highlights include a five-year fixed rate holiday let product at 75% LTV, down to 5.35% with a £199 application fee and £999 completion fee.

In addition, a two-year fixed rate Family buy-to-let product at 75% LTV has reduced to 5.05% with a £199 application fee and £1,499 completion fee. 

The rate reductions follow enhancements made by the Society in January including rate reductions, criteria changes, and the launch of an exclusive self-employed product.

Head of product and marketing, Jamie Hyland, said: “Having already introduced a number of changes so far this year, we’re delighted to continue with the developments to our mortgage product range.”

“As a mutual building society, we’re dedicated to providing fair value lending options for a wide range of applicants. We are committed to helping those who do not meet the traditional lending criteria of high street lenders, and we hope these reductions will encourage those who have experienced a financial bump in the road to pursue their dreams of home ownership.’