Melton BS launches new self-employed mortgage product
The product is available to those with just twelve months trading history.
"We hope by offering this exclusive product with the requirement of just twelve months trading history that we can support more self-employed buyers with their home ownership aspirations."
- Jamie Hyland, head of product and marketing at The Melton
Melton Building Society has launched a residential mortgage product to support self-employed applicants.
Following a raft of recent changes to its mortgage product range, the Society has now turned its attention to supporting self-employed home buyers.
Available to those with just twelve months trading history, the new two-year fixed rate is offered at 5.25% and is available up to 80% LTV, with applications being subject to a £199 fee.
Jamie Hyland, head of product and marketing at The Melton, commented: "As a mutual building society, we are continually looking for ways to help address some of the hurdles applicants face on their journey towards home ownership.
"Self-employed applicants currently face the challenge of having to provide two to three years of trading history in order to secure a mortgage. We hope by offering this exclusive product with the requirement of just twelve months trading history that we can support more self-employed buyers with their home ownership aspirations."
