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% APR
4.99% Fixed Rate to 30 June 2017 95% 4.99% 4.99% 5.2% APR £398
5.25% Fixed Rate to 30 September 2019 95% 5.25% 4.99% 5.2% APR £398
Shared Ownership – 3 Year Discounted Rate 4.49% 95% 4.49% 4.99% 5.1% APR £199
4.39% Fixed Rate to 30 September 2019 90% 4.39% 4.99% 4.9% APR £398
3 Year Discounted Rate 3.39% 90% 3.39% 4.99% 4.8% APR £398
3 Year Discounted Rate 3.09% 85% 3.09% 4.99% 4.7% APR £598
3.89% Fixed Rate to 30 September 2019 85% 3.89% 4.99% 4.7% APR £398