Melton Building Society has reduced mortgage rates across its Credit Repair and buy-to-let (BTL) product ranges.
The rate reductions follow a plethora of changes made by the society in January including rate reductions, criteria changes, and the launch of an exclusive self-employed product.
The society has introduced reductions of up to 0.36% on its Credit Repair range, with 2-year fixed products offered at up to 70% loan-to-value (LTV) subject to a £199 application fee.
In addition to the Credit Repair reductions, Melton also made further moves to support landlords with the revision of its buy-to-let product range.
This includes a 5-year fixed Holiday BTL up to 75% LTV at 5.35%, as well as a 2-year fixed Family BTL up to 75% LTV at 5.05%.
Jamie Hyland, head of product and marketing, said: “Having already introduced a number of changes so far this year, we’re delighted to continue with the developments to our mortgage product range.
“As a mutual building society, we’re dedicated to providing fair value lending options for a wide range of applicants.
“We are committed to helping those who do not meet the traditional lending criteria of high street lenders, and we hope these reductions will encourage those who have experienced a financial bump in the road to pursue their dreams of home ownership.”
