The three-year discount-rate mortgage offers remortgage clients an initial pay rate of 2.15 per cent and no up-front arrangement or booking fees. It also includes free legal fees, £250 cashback and the option to link to the society’s Offset Share account.
It is available for loans up to 75 per cent loan to value (LTV) and includes a completion fee of £499. The early repayment charge of 3.25 per cent is only applicable during the first 12 months.
Robert McCoy, senior product and communications manager for mortgages at Sesame Bankhall Group, commented:
With the Melton Mowbray Building Society’s common sense approach to underwriting, coupled with the incentives offered on this product, I am sure that it will be popular with our members.
Martin Reason, Chief Executive of the Melton Group added:
This is a natural extension of our close working relationship with Sesame Bankhall Group that enables us to reach an extensive client base with this exclusive product.