Best business savings: Investec boosts rate on its notice account dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
The Melton appoints first ever female chair
By Leah Milner 20
th May 2021 11:26 am
The Melton Building Society has appointed its first female chair of the board and signed the Women in Finance Charter.
Fiona Pollard has been on the board of the 146 year-old mutual since 2014 and was elected at the society’s AGM in April.
She is joined by two new non-executive directors, Judith Mortimer Sykes and Sue Douthwaite, making a total of three female out of seven board members.
Pollard succeeds Alan Craft who has been chairman for over seven years.
She had a ten-year career in investment banking, including at NatWest Markets & Goldman Sachs.
The Melton partners with Dynamo for Intermediaries
By Gary Adams 22
nd February 2021 12:04 pm
The Melton Building Society and its credit repair subsidiary MBS Lending are now on Dynamo for Intermediaries’ lending panel.
Club members will be able to access the lender’s residential mortgages at up to 90 per cent LTV as well as its buy-to-let, holiday let, self-build, shared ownership and short-term products.
Dynamo founder and chief executive Ying Tan says: “At the current time, specialist lenders are needed more than ever before as an increasing number of clients find that their circumstances no longer fit standard criteria.
“We’re delighted, therefore, to welcome the Melton to our lending panel who have such a successful track record in handling complex cases. Our club members will undoubtedly appreciate their wide-ranging proposition and personal service.
The Melton returns to shared ownership with new product
By Gary Adams 19
th February 2021 9:44 am
The Melton Building Society has entered the shared ownership market again after suspending activity in the sector to maintain service levels.
The lender’s new shared ownership product is a 95 per cent purchase price (75 per cent LTV) five-year fix at 3.99 per cent. New builds are accepted.
It has also cut the rate of its 90 per cent LTV standard residential five-year product from 3.59 per cent to 3.39 per cent.
The Melton head of intermediaries Dan Atkinson says: “The Melton has long supported first-time buyers with a range of shared ownership mortgages and innovative lending criteria to help them get on the housing ladder.
HomeNewsMortgages Better rates and more choice for 90% LTV mortgage borrowers Published: 04/02/2021 Share
The choice of mortgages for those needing a 90% loan-to-value (LTV) mortgage has improved in 2021 compared to the start of the pandemic, reaching 248 in February 2021. The number has grown every month for four months but is some distance from the pre-pandemic levels in 2019 of more than 700 products available every month.
Borrowers will also find the average rates for 90% LTV mortgages are also improving, with two and five-year fixed rates both falling in February. The average 90% LTV mortgage rate is now 3.56% for a two year and 3.72% for a five year fixed deal. This is good news for borrowers, but average rates still have a way to go to reach their pre-pandemic 2020 lows of 2.57% and 2.91% for two and five year fixed rates respectively.