Melton Building Society has entered the limited company buy-to-let (BTL) market to support a wider range of property investors.
The changes have been made in order to better serve intermediaries, brokers, and landlords seeking reliable, transparent mortgage solutions in a rapidly evolving property market.
The new range, which consists of six brand new products, features a blend of 2- and
5-year discounted and fixed products.
They are all offered at 75% loan-to-value (LTV) and benefit from low fees (£250 application fee, and 1% completion fee).
They are available for both standard and holiday lets.
A complex product range is also available for nonstandard residential properties including blocks of flats, multiple units and multiple properties on the same loan.
Jamie Hyland, head of product and marketing at Melton Building Society, said: “Our entry into the limited company buy-to-let space reflects both market demand and our ambition to help a broader range of investors.
“We’ve already introduced a number of developments across our mortgage product range so far this year, and we aim to continue to evolve our product range to offer brokers, and their client’s products that suit the complexities of the ever changing property landscape.
“We recognise the complexities that come with being a property investor in today’s market, and with our limited company buy to let product range we hope to offer flexibility, competitive pricing, and a straightforward application process.”