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

Short Term Finance 4.99% for Term

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

A short term funding option with the flexibility of repaying with no ERC’s

Loan to Value (LTV) The Melton’s Standard Variable Rate, currently 4.99%, for the term of the mortgage Then changing to our SVR for rest of mortgage term, currently The overall cost for comparison is
60% 4.99 n/a 6.0% APRC
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Based on a £151,550 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 5 year term60 monthly payments at standard variable rate of 4.99%, (£2,859.24) £171,554.40.  Valuation fee on property of £328,100, payable when you apply £330 (see scale) Application fee payable when you apply £99.  Completion fee 1.5% of the loan amount payable at time of legal completion £2,273.25.  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 £174,791.65.

 

Terms
  • Application fee £99
  • Completion fee 1.5% of the loan amount payable at the time of legal completion
  • Minimum loan size £100,000, maximum loan size £750,000
  • Maximum Loan to Value (LTV) 60%.  LTV restrictions apply in London - contact us for details.
  • Minimum term 12 months, maximum term 5 years
  • Available on interest only and a capital and interest repayment basis
  • Other lending criteria may apply – details available on request.
Additional features
  • This mortgage is fully portable if the property is sold within the scheme period (terms apply).  Please refer to our Portability Information Sheet.

Full Product Details

Working out your mortgage budget

It’s a good idea to know approximately how much you’ll have to spend before you start house hunting. The Melton’s mortgage advisors will help work out an affordability budget with you to give you an indication of how much you may be able to borrow.

Saving for your deposit

Opening a savings account can be a good way to save up for your deposit. Take a look at our range of savings accounts.

Finding your first home

Make friends with the agents. Calling and visiting your estate agents regularly will help ensure you’re the first to know when a hot new property hits the market.
Put aside a whole day, and do a number of viewings (six is the suggested maximum). Go on a weekday if you can – estate agents will give you more time than at the weekend.
Take your own pictures. These are much more useful than glossy agents’ shots. Film your visits on your phone, too. That way, you have something to refer back to.

We’re also here to help with:

Home insurance

We offer competitive buildings and contents insurance in partnership with Uinsure. Find out more.

Click here for our handy guide to Mortgages Click here for a summary of our Mortgages 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.

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