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Coronavirus - Help us to help you

We are working hard to maintain the best service we can for you. As you can imagine our telephone lines are exceptionally busy at the moment. So we are asking for your help too.

In the interests of the health of both our customers and our staff, please avoid visiting our branches unless necessary. Please telephone your local branch direct if you have any queries or to register to use our online services.

To reduce the risk to our branch staff and customers, branch opening hours have temporarily be reduced to 9am - 1pm Monday to Friday and 9am – 12pm Saturdays.

We have also temporarily reduced our telephone opening hours at Principal Office to 9am - 3.30pm Monday to Friday and 9am – 12pm Saturdays. We apologise for any inconvenience this may cause.

Coronavirus Update

We understand that some customers may be worried about the effect that contracting the Coronavirus (COVID-19) could have on their finances, for example due to a drop in income as a result of contracting the virus or because of the measures imposed to stop it spreading. If you have any concerns about how this could affect you and your mortgage, please click here to read the leaflet produced by the Building Societies Association and National Debtline or please get in touch on 01664 414141.

Please click here to see a list of Frequently Asked Questions for our members.

Coronavirus Scams

The Society is aware of fraudsters using the Coronavirus outbreak to try and trick people into parting with their money. Here are four types of fraudulent activity that we are aware of:

  • Sales of ineffective protective face masks
  • Coronavirus-themed phishing emails with malicious links and attachments
  • Fraudsters sending texts and emails pretending to be from the World Health Organisation (WHO) claiming to be able to provide a list of infected people in their area. Please remember to be wary of links and attachments from unsolicited emails and texts and take care not to provide your personal or financial details
  • Posing as employees of a bank or building society. Please click here to read further guidance on how to protect yourself

Thank you for your patience.

The Melton Building Society

Call us on 01664 414141 between 9am and 6pm Monday to Friday and 9am and 12pm on Saturdays
Our mortgages are available through independent mortgage brokers across England and Wales

2.89% Fixed Rate to 31 December 2024

melton fixed rate mortgages
Melton awards 2019

A fixed rate is ideal for customers wanting to plan ahead and budget better without any unwanted surprises.  This type of mortgage offers certainty and stability for those who prefer to budget for a fixed period of time.

Loan to Value (LTV) A fixed interest rate of 2.89% to 31 December 2024 Then changing to our SVR for rest of mortgage term, currently The overall cost for comparison is
80% 2.89% 4.99% 4.3% APRC
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Your home may be repossessed if you do not keep up repayments on your mortgage

Based on a £131,092 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 30 year term: 58 monthly payments at a fixed rate of 2.89%, (£598.09) £34,689.22. 254 monthly payments at standard variable rate (currently 4.99%), (£724.71) £184,076.34. Valuation fee on property of £167,200, payable when you apply £240 (scale applies). Telegraphic Transfer fee payable when you apply £25. Solicitors fees payable to your conveyancer (estimated) £360. Mortgage Discharge Fee payable at the end of your mortgage £150. Total Amount Payable £219,540.56.

Terms

  • Maximum LTV is 80%.  LTV restrictions apply in London.
  • An Early Repayment Charge applies if overpayments exceed 10% of the balance at the start of each year, until 31/12/24: 5% of the amount repaid until 31/12/20; 4% of the amount repaid until 31/12/21; 3% of the amount repaid until 31/12/22; 2% of the amount repaid until 31/12/23; 1% of the amount repaid until 31/12/24.
  • Other lending criteria may apply – details available on request.

Additional features

  • No Application Fee or Completion Fee
  • You may be eligible to use our Fees Assisted Legal Service which means that we will pay the basic legal costs in relation to your mortgage
  • Make overpayments of 10% of the current balance each year without incurring early repayment charges
  • The Society will pay the higher lending charge up to a maximum of 80% LTV
  • This mortgage is fully portable if the property is sold within the scheme period (terms apply)

Product Code: FIX 104

Working out your mortgage budget

It’s a good idea to know approximately how much you’ll have to spend before you start house hunting. The Melton’s mortgage advisors will help work out an affordability budget with you to give you an indication of how much you may be able to borrow.

Saving for your deposit

Opening a savings account can be a good way to save up for your deposit. Take a look at our range of savings accounts.

Finding your first home

Make friends with the agents. Calling and visiting your estate agents regularly will help ensure you’re the first to know when a hot new property hits the market.
Put aside a whole day, and do a number of viewings (six is the suggested maximum). Go on a weekday if you can – estate agents will give you more time than at the weekend.
Take your own pictures. These are much more useful than glossy agents’ shots. Film your visits on your phone, too. That way, you have something to refer back to.

We’re also here to help with:

Home insurance

We offer competitive buildings and contents insurance in partnership with Uinsure. Find out more.