Melton Building Society has expanded its product range to offer higher loan-to-value (LTV) options, targeting customers with past credit challenges.
The society introduced fixed and discounted products with increased LTVs of between 5% and 10%.
The near prime enhanced option now offers up to 80% LTV, while near prime, credit assist, and credit recovery products offer up to 75% LTV, up from 70%.
William Bell, mortgage product manager at Melton Building Society, said: “As we embark on our 150th anniversary and join the Building Society Association in celebrating their 250th anniversary, it is imperative we don’t forget the original purpose of a building society, to make homeownership more accessible.”
“These exciting changes highlight our efforts to support customers with issues on their credit history, deliberately demonstrating how we as Melton Building Society have remembered our heritage and focused on the basics of putting roofs over as many people’s heads as we can.”
