Further information about Melton Building Society’s updated mortgage products is available on the mutual’s website.
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“The Building Societies Association have recently published a review into the experiences of first-time buyers, concluding that it’s the most challenging it has been for some time for those looking to escape the rental sector and venture into home ownership,” said Jamie Hyland (pictured), Melton Building Society’s head of product and marketing.
“At Melton Building Society, we recognise the challenges that first-time buyers face, and as a mutual building society, we are committed to helping those with aspirations of home ownership by providing a broader range of options for first time buyers.
“The addition of our 95% LTV shared ownership product and the reduction on our standard residential products re-affirms our commitment to supporting a range of first time buyers achieve their ambitions of home ownership.”