The Melton Mowbray Building Society and its subsidiary MBS Lending have been appointed to the Brilliant Mortgage Club lender panel.

The panel is part of Brilliant Solutions, the specialist lending distributor.

The Melton offers mainstream products up to 95% LTV on residential products and has just launched a new offset mortgage which is available for purchase or remortgage

. It has a discounted rate of 2.89% (2.10% discount from variable rate of 4.99%)
.

It is available up to 75% LTV, and has an application fee of £199 and completion fee of £599. The online offset share can have a 100% balance limit and there are 12 month’s Early Repayment Charges. 


Other products include buy-to-let, holiday buy-to-let and self-build products.

Meanwhile, the MBS lending brand can offer near-prime, credit assist and credit recovery products.

Matthew Arena, managing director of Brilliant Solutions, said: “I am delighted that The Melton and MBS Lending have chosen our mortgage club for the distribution of their products which are a good fit with our specialist lending distribution.

“I am sure these products will be welcomed by our brokers together with the fact that we will of course be able pay brokers procuration fees on completion for all of their products.”

Nicola Alvarez, head of new business at the Melton, said: “Brilliant Mortgages were chosen for our distribution because not only do they have the traditional mortgage club but have the expertise in specialist lending to be able to assist brokers with all of our products.”