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

1st Time Buyer Mortgages

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Money Age Awards Winner 2016 - Moneyfacts  Award 2016 - Mortgage Finanace Gazette Awards 2017 WINNER

Choosing your first mortgage is an exciting time and 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%.  At the Melton we know that one size does not necessarily fit all and you can rely on our friendly mortgage advisers to help you find the mortgage that may suit you best and guide you through the mortgage process.

 

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 3.19% 95% 3.19% 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 3.19%, (£670.39) £24,134.04.  324 monthly payments at standard variable rate (currently 4.99%), (£818.26) £265,116.24. 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 £290,025.28.

Shared Ownership – 3 Year Discounted Rate 3.29% 95% 3.29% 4.99% 4.8% APRC £199
3.89% Fixed Rate to 30 September 2020 95% 3.89% 4.99% 4.8% APRC £398
3 Year Discounted Rate 3.09% 95% 3.09% 4.99% 4.7% APRC
3.29% Fixed Rate to 30 November 2019 95% 3.29% 4.99% 4.8% APRC £398
3 Year Discounted Rate 2.59% 90% 2.59% 4.99% 4.6% APRC £398
3.29% Fixed Rate to 30 September 2020 90% 3.29% 4.99% 4.6% APRC £398
3.29% Fixed Rate to 30 September 2020 90% 3.29% 4.99% 4.6% APRC £398
2.89% Fixed Rate to 30 November 2019 90% 2.89% 4.99% 4.7% APRC £398
3 Year Discounted Rate 2.29% 85% 2.29% 4.99% 4.5% APRC £398
2.89% Fixed Rate to 30 September 2020 85% 2.89% 4.99% 4.5% APRC £398
2.59% Fixed Rate to 30 November 2019 85% 2.59% 4.99% 4.6% 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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