Melton re-launch consumer BTL products

Product Update

Good afternoon,

Effective Wednesday 14th October 2020, the following products will be launched. These changes include the relaunch of our Consumer Buy to Let products:-

Product Transfers
STFX 104 – 2.09% Fixed rate to 31 October 2023, 60% LTV
STFX 103 – 2.35% Fixed rate to 31 October 2023, 75% LTV
STFX 105 – 2.59% Fixed rate to 31 October 2023, 90% LTV
STFX 106 – 3.15% Fixed rate to 31 October 2023, 95% LTV

STFX 107 – 2.29% Fixed rate to 31 October 2025, 60% LTV
STFX 108 – 2.55% Fixed rate to 31 October 2025, 75% LTV
STFX 109 – 2.75% Fixed rate to 31 October 2025, 90% LTV
STFX 110 – 3.29% Fixed rate to 31 October 2025, 95% LTV

Buy to Let
BTL 084 – 2.19% Consumer Buy to Let for Term, 60% LTV, No Fees, 5 years’ ERCs

BTL 085 – 2.49% Consumer Buy to Let for Term, 75% LTV, £399 Comp Fee, 5 years’ ERCs

Withdrawn Products
STFX 096 (initial pay rate 2.09%)
STFX 095 (initial pay rate 2.35%)
STFX 097 (initial pay rate 2.59%)
STFX 098 (initial pay rate 3.15%)
STFX 099 (initial pay rate 2.29%)
STFX 100 (initial pay rate 2.55%)
STFX 101 (initial pay rate 2.75%)
STFX 102 (initial pay rate 3.29%)

Outstanding apps on the old product codes should be received by close of business Wednesday 14 October 2020.

For full details of our new products and criteria, please visit our website. If you have any queries please call our Broker Support Team on 01664 414144.

Thank you,
The Melton for Brokers

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