From tomorrow (Friday 13th September), Melton Building Society is reducing rates across its 5-year fixed residential range and strengthening its Shared Ownership offering with a new product.
Changes include rate reductions across the society’s 5-year fixed residential range, with cuts of up to 0.30%.
In addition, to further strengthen its commitment to those looking to purchase a Shared Ownership property, the society will add a 5-year fixed deal to its product range.
The new offering is available up to 95% loan-to-value (LTV) with no application fees at 5.35%.
Melton Building Society has also repriced its 95% LTV Shared Ownership product to 5.75%, marking a reduction of 0.25%.
Jamie Hyland, head of product and marketing, said: “As a mutual building society, we recognise the importance of Shared Ownership schemes in helping aspiring homeowners onto the property ladder, particularly in areas where property prices are high or for those with a low income.”
“We are delighted to be able to extend our Shared Ownership range in order to support more people in obtaining the freedom and stability of homeownership, and we remain committed in offering a broader choice of good value mortgage products for consumers.”
