Bank of England Base Rate Update

After its meeting on 7th August 2025, the Bank of England’s Monetary Policy Committee voted to reduce the Base Rate by 0.25% to 4.00%.

Mortgages

Base Rate Tracker Mortgages to reduce by 0.25% with effect from 1st September 2025.

We have taken the decision to reduce our SVRs with effect from 25th November 2025, as follows:

–  Melton Building Society SVR – currently 8.44%, reducing to 8.14%
–  Historical MBSL (Credit Repair) – currently 8.94%, reducing to 8.64%

You can find out more information on this change here. If you have any concerns about financial difficulty, please contact the Mortgage Services Team on 01664 414141 so we can help support you.

Savings

We are currently reviewing market changes following the recent announcement by the Bank of England and will communicate any changes once a decision has been made.

Please bear with us – our telephone lines may be busier than usual as we help our customers.

 

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How can we help you with your mortgage enquiry?

Whether you’re coming to the end of your Melton mortgage deal or looking for a new mortgage, our advisers can help.

Existing customers with the Melton may be eligible to switch to a new mortgage product without paying an application fee or early-repayment charges. Also, you won’t have to pay legal or valuation fees when switching. You may want to switch your deal that’s coming to an end or borrow more money on your existing mortgage. As an existing customer, you can take advantage of our current product range. This could mean getting a better rate and saving money.

If you’re looking for a new mortgage, Melton Mortgage Solutions can help you find the right deal by comparing 1000s of mortgages from over 90 different lenders.

Mortgage Charter

We are pleased to confirm that we are supporting the new Mortgage Charter – Mortgage Charter – GOV.UK (www.gov.uk) which was agreed with the government on June 26th to provide new support for homeowners who are anxious about high interest rates and support for anyone who may get into financial difficulty.

We will be sharing more details as soon as possible, so please keep checking our website for further updates. If you have any concerns over your ability to pay your mortgage payments, please contact the Mortgage Services Team on 01664 414141 who will be able to support you.

To speak to us further about the Mortgage Charter, click here.

Need help to choose a new mortgage?

Melton Mortgage Solutions can help you find the right mortgage deal by comparing 1000's of mortgages from over 90 different lenders.

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Need help with your existing Melton mortgage?

Existing customer

Savings from the Melton

Whether you’re saving for a deposit on your home or simply saving for a rainy day, we have a range of savings accounts.

Find out more

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed