Call us on 01664 414141 between 9am and 6pm Monday to Friday and 9am and 12pm on Saturdays

1st Time Buyer Mortgages

The Melton - Here to help...

Choosing a mortgage can be a daunting task, particularly if you’re buying for the first time! At the Melton we know that one size does not necessarily fit all so you will always speak to a mortgage adviser at your local branch, and never be put through to a call centre.

We offer a choice of mortgages suitable for first time buyers, including fixed rate and discounted variable rate mortgages, with deposits from as little as 5%.

Mortgage Product Maximum Loan to Value Initial Rate Followed by our Standard Variable Rate The overall cost for comparison Product Fees Deposit amount
3 Year Discounted Rate 3.69% 95% 3.69% 4.99% 4.8% APRC

Based on a £142,500 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 30 year term:  36 monthly payments at a variable rate of 3.69%, (£655.10) £23,583.60.  324 monthly payments at standard variable rate (currently 4.99%), (£755.06) £244,639.44.  Valuation fee on property of £159,500, payable when you apply £240 (see scale) .  Telegraphic Transfer fee payable when you apply £25.  Solicitors fees payable to your conveyancer (estimated) £360.  Mortgage Discharge Fee payable at the end of your mortgage £150.  Total Amount Payable £268,998.04.

4.39% Fixed Rate to 30 September 2018 95% 4.39% 4.99% 5.1% APRC £398
4.69% Fixed Rate to 30 September 2020 95% 4.69% 4.99% 5.1% APRC £398
3 Year Discounted Rate 3.39% 90% 3.39% 4.99% 4.8% APRC £398
3.49% Fixed Rate to 30 September 2018 90% 3.49% 4.99% 4.9% APRC £398
4.39% Fixed Rate to 30 September 2020 90% 4.39% 4.99% 5.0% APRC £398
3 Year Discounted Rate 3.09% 85% 3.09% 4.99% 4.7% APRC £598
3.25% Fixed Rate to 30 September 2018 85% 3.25% 4.99% 4.9% APRC £398
3.75% Fixed Rate to 30 September 2020 85% 3.75% 4.99% 4.7% APRC £398
Click here for our handy guide to Mortgages Click here for a summary of our Mortgages First time buyers guide to building your first home Join the Wildlife Trust for £10 - Call in to your local branch Mortgage Calculator - Compare our mortgage products and monthly payments

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Call one of our friendly advisors on 01664 414141. Opening hours 9am to 6pm Monday to Friday and 9am to 12pm on Saturday.

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