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New Help to Buy Mortgages

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The Melton are delighted to launch two new Help to Buy products to support the growing number of first time buyers and existing Help to Buy homeowners who are facing affordability challenges.

The Melton will consider Help to Buy remortgage applications in the following scenarios:

  • Equity loan remortgage – where the full equity loan remains in situ, subject to a max 75% LTV (55% in London)
  • Capital raising remortgage – when staircasing to pay off part of the equity loan, where a minimum of 10% of the property value will be repaid and subject to a max 75% LTV (55% in London)
  • Remortgage and fully repay equity loan – in line with the Society’s standard lending criteria