x
By using this website, you agree to our use of cookies to enhance your experience.
STAY CONNECTED!
    
newsletter-button

TODAY'S OTHER NEWS

The Melton reaffirms its ‘support for the buy-to-let market’

An interest coverage ratio of 130% against a stressed interest rate of 5.5% for pound-for-pound buy-to-let remortgages has been introduced by the Melton, as part of its ongoing commitment to the buy-to-let market.

The change applies to its business buy-to-let range for individuals, but it is worth pointing out that the society will only lend to landlords with a portfolio of a maximum three properties.

The society will lend up to £500,000 at up to 75% loan-to-value.

Nicola Alvarez, director of sales and marketing, the Melton, commented: “We have long experience of this type of finance and this enhancement reaffirms our support for the buy to let market.”

icon

Please login to comment

Zero Deposit Zero Deposit Zero Deposit
sign up