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MBS Lending withdraws mortgage products

mbs lending melton mowbray building society mortgages

MBS Lending is withdrawing all of its mortgage products with immediate effect, due to high levels of business volumes.

The Melton Mowbray Building Society subsidiary is withdrawing all products, including those in the lender’s direct, packager and exclusive ranges, until the backlog can be dealt with.

A MBS Lending spokeswoman says: “Due to high business volumes, MBS Lending is withdrawing all mortgage products in order to stem the flow of applications.”

Melton Mowbray BS withdrew three mortgages – the near prime, light adverse and medium adverse products – from its range in October 2012 in order to address application backlogs.

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