The Melton Building Society has launched six new fixed rate mortgages with very high loan-to-value (LTV).
The range includes two new offers with fees assisted legals. The highlight is a 4.99 per cent rate with a LTV of up to 95 per cent.
The combination of high LTVs, low fees and certainty about future costs is an attractive prospect to many customers, particularly first time buyers,” Nicola Alvarez, director of sales and marketing at The Melton, says.
The new range includes:
| Rate | Fixed to | LTV | APR | APP Fee | Comp Fee |
| 4.85% | 30/06/2017 | 95% | 5.2% | £199 | £199 |
| 4.99% | 30/09/2019 (fees assisted legals) |
95% | 5.2% | £199 | £199 |
| 4.39% | 30/09/2019 (fees assisted legals) |
90% | 4.9% | £199 | £199 |
| 3.89% | 30/09/2019 | 85% | 4.7% | £199 | £199 |
| 3.69% | 30/09/2019 | 75% | 4.6% | £199 | £199 |
| 3.55% | 30/09/2019 | 75% | 4.6% | £0 | £999 |
*LTV – loan-to-value// *APR – annual percentage rate// *APP fee – application fee// *Comp fee – completion fee
All products are subject to early repayment charges. Terms and conditions apply. All of these products are available to the whole of England and Wales through brokers and direct and revert to the Society’s standard variable rate, currently 4.99% at the end of the term.
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