The Melton Building Society have announced that they are launching a new Desktop Valuation service with effect from Friday 17th April for both Residential and Buy to Let. They tell us that all products above 60% LTV prior to being withdrawn at the end of March will now be reinstated up to 90% LTV, with the exception of their Help to Buy and Advance Self Build products. Also just to note, they will not be accepting new build applications at this time.

A desktop valuation will be carried out on all applications up to 90% LTV where it meets their criteria. Applications up to 75% LTV can then progress to offer as normal, however applications above 75% LTV and those that do not meet their Desktop Valuation criteria will be subject to a physical valuation being carried out when possible, before an offer can be issued.