The Melton expands Credit Repair range with higher LTV options

The changes are designed to support a broader range of customers with past credit challenges.

Related topics:  Adverse credit,  Melton Building Society
Rozi Jones | Editor, Financial Reporter
4th April 2025
Credit score report application paper

Melton Building Society is expanding its Credit Repair product range to offer higher LTVs on fixed and discounted products.

The product range expansion follows a series of changes by the Society earlier this year, which included rate reductions and criteria changes. The Society has now decided to focus on offering a wider variety of credit repair products.

The LTV increases span between 5% and 10%, with near prime now offering fixed and discounted products up to a maximum of 80% LTV, up from 70%. 

Near prime, Credit Assist and Credit Recovery will now offer fixed and discounted products at 75%.

Mortgage product manager, William Bell, said: “As we embark on our 150th anniversary and join the Building Society Association in celebrating their 250th anniversary, it is imperative we don’t forget the original purpose of a building society, to make homeownership more accessible.

“These exciting changes highlight our efforts to support customers with issues on their credit history, deliberately demonstrating how we as Melton Building Society have remembered our heritage and focused on the basics of putting roofs over as many people’s heads as we can.”

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