Melton Building Society has launched a range of new mortgage products to offer potential homeowners a variety of choices to suit their needs.

The offers include new options for shared ownership and standard residential mortgages, accompanied by rate reductions to further benefit homebuyers.

The mutual is reducing its residential fixed rates by 0.26%, relaunching in the 75% LTV residential market with a 2-year discounted product.

It is also launching a new shared ownership fixed rate to January 2026, and reducing the rate of the existing shared ownership fixed rate to January 2029 by 0.86%.

Melton Building Society head of product and marketing Jamie Hyland said: “We are excited to be launching a new shared ownership product range to help customers looking to make the first step onto the property ladder. We know that affordability is tough at the minute and want to make sure first-time buyers have got plenty of options.”

New Product Details:     

Standard Residential – Discounted

DISC 067: 2 Year Discount of 3.09% off SVR, 75% LTV, £199 app fee, 5.60%

DISC 068: 2 Year Discount of 3.04% off SVR, 90% LTV, £199 app fee, 5.65%

Standard Residential – Fixed

FIX 299: Fixed to 31 January 2026, 90% LTV, No Fees, 5.99%

FIX 298: Fixed to 31 January 2029, 90% LTV, No Fees, 5.69%

Shared Ownership – Fixed

FIX 300: Fixed to 31 January 2026, 90% LTV, £199 app fee, 6.25%

FIX 301: Fixed to 31 January 2029, 90% LTV, £199 app fee, 5.89%