Melton BS reduces 80% LTV residential rates

Melton Building Society has reduced rates across its 80% LTV fixed residential mortgage range.

The Society has made reductions of up to 0.20% across both two and five-year fixed rate residential products.

The Society's two-year fix is now available at 4.90% and a five-year fixed has reduced to 4.59%, both with no application fees and a free basic valuation. The five year fixed has the added bonus of £500 cashback. 

The latest reductions follow a number of enhancements to The Melton's range this month, including changes to self build lending criteria and the launch of an exclusive self-employed product.

William Bell, product manager at The Melton, said: "As a mutual building society with 150 years of experience in supporting both savers and borrowers, we recognise the importance of offering consumers good value.

"By introducing these rate changes we are hoping to provide more opportunities for brokers to assist their clients in achieving their home ownership ambitions and give confidence to prospective borrowers to take the plunge into their next move."