Melton Building Society has reduced the rates on its self build mortgages by up to 0.5%, to help it make the products more accessible to a wider range of customers.
A NaCSBA member, the Melton Building Society is now offering its standard, eco and short-term self build mortgages with a starting rate of 3.49%. Finance is available for a range of projects, including self and custom builds, renovations and conversions, including projects that use Modern Methods of Construction.
Dan Atkinson, head of sales and marketing at the Melton, said: “Self-build plays a key role in increasing housing supply and we are committed to making this type of finance more accessible,”
“Self-build mortgages can seem a little daunting, however, the Melton’s flexible criteria and attention to customers’ specific circumstances means we are able to consider individual cases carefully and support both brokers and clients through the process.”
The Melton Building Society also hosts its own area of its website dedicated to self builders, The Melton’s Self Build Hub, which sets out core steps to self building and a list of useful websites.