At the Melton we offer a choice of standard residential mortgage products up to 90% LTV, which includes new build, shared ownership up 95% of the share and right.

  1. No credit scoring – we don’t credit score, this is great news for younger borrowers, first time buyers or those that have perhaps had historic impaired credit. We don’t have a debt to income ratio either. We simply use Experian to do credit searches.
  2. Impaired credit – We can consider minor instances of impaired credit on our standard product range. We can also consider heavier adverse through our credit repair subsidiary MBS Lending: www.mbslending.co.uk
  3. Manual Underwriting: – we manually underwrite each case individually. This means we can apply a common sense approach and a degree of flexibility, instead of a computer says NO approach
  4. Gifted Deposits: – we consider family gifted deposits of up to 50% of the purchase price.  This isn’t restricted to immediate family members either.  We can also consider gifted equity and small deposit contributions from vendors, builders and employers by referral.
  5. Maximum four applicants: – we consider up to four applicants on an application. Where they are immediate family members, we can use 100% of all incomes for affordability purposes. Having parents on the mortgage will also mean they are named on the deeds.
  6. Maximum Age:  – we can consider using earned income up to age 80, subject to feasibility of their job role.  This means if your customer is a back seat company director or in an admin based role, we can consider using their income to age 80. If the applicants are already retired and we are using pension income, we don’t have a maximum age.

The Melton’s broker website, www.themeltonbrokers.co.uk, provides an online end to end mortgage processing system that enables brokers to register, obtain a DIP, submit an application, upload documents and track cases online – all in one easy to access place. Brokers can also access current service levels, affordability calculators, product guide, lending criteria and a Broker Live Chat service.  Please call our Broker Sales Desk on 01664 414144 for further information.