Melton Building Society
Melton Building Society

Melton Building Society

Melton Building Society has been providing mortgages for over 140 years and we are committed to supporting brokers to help people buy their own homes.

We manually underwrite each case and take an individual, common sense approach to lending, because we appreciate not every case is the same.

With our innovative products and niche criteria, we can cater for straight-forward cases and the more complicated & quirky cases.

We offer residential mortgages up to 90% LTV including new builds, 90% of the share on shared-ownership and max overall LTV of 75%. Max 75% LTV on self-build, BTL (including Holiday &
regulated Family BTL). 
We also offer, RIO, RTB, Interest Only, Short Term & Adverse through our subsidiary, MBS Lending.

Proc Fees

Product Gross Net
Fee Min Max Fee Min Max
Standard Residential (inc. Shared Ownership & Right to Buy) 0.40% £150 0.38% £150
Buy to Let & RIO 0.45% £150 0.40% £150
Self-Build 0.45% £150 0.40% £150
Retention Products 0.26% £150 0.25% £150

Key Features

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    Online application system & no credit scoring

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    Flexible underwriting and cases looked at individually

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    Self-build specialists & a long successful track record of handling a wide range of complex cases

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    Direct access to assessors, a dedicated broker support team & BDM.

Product Type When does the lender pay PMS? Frequency
All Within 10 working days following legal completion. Weekly

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Post Code Restrictions: Lender-InfoBoxWhite

Melton Building Society lend in England & Wales.
We have a restricted max LTV in London of 60%.

Register Lender-InfoBoxWhite

Register to place business with MBS Lending:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.


What does Melton Provide?

  • Residential Mortgages - 90% LTV, Interest only available up to 60% LTV & parental gifted deposits up to 50% of the purchase price.
  • Second residential up to 75% LTV and Retirement Interest Only Mortgages up to 60% LTV.
  • Shared Ownership Mortgages - 90% of share (including new builds).
  • Buy To Let Mortgages - All up to 75% LTV & include Standard BTL, Regulated family BTL, Holiday BTL (with no restriction on applicant's using the property for own purposes), Consumer BTL, £ for £ Re-mortgage & Family Assist BTL for Students.
  • First time landlords, first time buyers & non-owner occupiers.
  • Minimum age of 25 years old and no max age on Standard BTL.
  • Minimum income of £25,000 required which can be shared between borrowers.
  • Affordability is assessed on the rental income.
  • Self-build Mortgages up to 75% LTV (based on the end value of the build).
  • Our standard products are also available for custom builds, renovation & conversion.
  • Our ECO product gives you 0.5% of the rate for incorporating an energy efficient feature in your home.
  • Our Family Assist for Self-builds allows parents to provide the deposit, which is then repaid to them as a final stage payment on completion of the build, subject to the final end value being 75% or lower.
  • At the end of the build, switch to one of our residential products & we will waive the ERC's.

Short Term Lending permitted in line with general criteria secured against borrower’s prime residential property to max 60% LTV. Short term loan purposes considered:

  • Assist in purchase of a new residential property whilst awaiting sale of the existing property
  • Residential development finance on another property
  • Self build
  • Purchase a residential property where a term of less than 5 years is required
  • 1 to 5 year term

Credit repair mortgages available through our subsidiary MBS Lending.

We can use earned income up to age 80 and don't have a maximum age for retired applicants, standard BTL or RIO customers.

Guides, calculators and useful links


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