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...

moneyfacts_award_2016_best_first_time_mortgage_providerChoosing 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 3.09% 95% 3.09% 4.99% 4.7% APRC

Based on a £155,211 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 3.09%, (£661.93) £23,819.48.  324 monthly payments at standard variable rate (currently 4.99%), (£817.38) £264,831.12.  Valuation fee on property of £164,640, 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 £289,435.60.

3 Year Discounted Rate 3.69% 95% 3.69% 4.99% 4.8% APRC
4.19% Fixed Rate to 30 September 2020 95% 4.19% 4.99% 4.9% APRC £398
3 Year Discounted Rate 3.39% 90% 3.39% 4.99% 4.8% APRC £398
3.99% Fixed Rate to 30 September 2020 90% 3.99% 4.99% 4.8% APRC £398
3.69% Fixed Rate to 30 September 2020 85% 3.69% 4.99% 4.7% APRC £398
3 Year Discounted Rate 3.09% 85% 3.09% 4.99% 4.7% APRC £598
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

Get In Touch

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

Request a Call Back

Leave your details and we will call you back.


Keep up to date with the latest news, products and competitions from the Melton.