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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, from 1st June branch opening hours will temporarily be: Monday to Friday 9am – 3pm (closed for lunch 12pm – 1pm) and closed on Saturdays.

We have also temporarily reduced our telephone opening hours at Principal Office to 9am – 3.30pm Monday to Friday and closed on Saturdays.

We apologise for any inconvenience this may cause.

EMAIL SCAM EXPLOITING JOB RETENTION SCHEME

Please beware of the following phishing email scam – National Trading Standards have passed on an alert about a phishing scam based on impersonating correspondence from the Government’s Job Retention Scheme.

  • The scam involves phishing emails to companies about the scheme
  • The emails pretend to be from Jim Harra, First Permanent Secretary and Chief Executive of HMRC
  • The sender email address used is  no-reply@ncryptedprojects.com
  • the emails use Official HMRC branding, and the message asks for the bank details of the recipient.

An example message is provided below – the typos are the fraudsters’ own work:

“Dear customer, We wrote to you last week to help you prepare to make a claim through the Coronavirus Job Retention Scheme. We are now writing to tell you how to access the Covid-19 relief. You will need to tell your us which UK bank account you want the grant to be paid into, in order to ensure funds are paid as quickly as possible to you.”

NO EXCUSE FOR DOMESTIC ABUSE

According to data from the Home Office and charities supporting victims, the pressures of living under COVID lock-down have caused a rapid increase in cases of domestic abuse. Abuse can take the form of coercive control, deliberate neglect and verbal or physical aggression. It often involves economic abuse (coercive control of the victim’s finances to steal their money and / or deny them the right to spend it).  We’re supporting the Government’s campaign to raise awareness about help for victims of domestic abuse.  You can find further guidance on how to get help here: https://www.gov.uk/guidance/domestic-abuse-how-to-get-help

COVID-19 – ZOOM SCAM

Scammers are sending emails posing as the Zoom download manager asking the recipient to complete their download by clicking “next”, which releases malware when clicked. The only safe way to set up Zoom for personal use is to go on the Zoom official website and download it yourself.

COVID-19 – TEXT SCAM

Please beware of a new text scam purporting to be from the Government which informs the recipient via a text that they have been issued a £250 fine for leaving the house during the lock-down as the Government have been tracking their movements using their phone. The recipient is told that if they don’t pay immediately they will incur a heavier fine and encouraged to click on a link to make the payment which may deliver malware as well as taking the payment and their account details.

COVID-19 – FRAUDULENT EMAILS

During the coronavirus outbreak, many companies and organisations have sent emails containing COVID19 updates to their customers to make them aware of their current response and status. As these types of emails have now become increasingly frequent, criminals have started to use this familiarity to their advantage. These fraudulent emails, framed as a corporate COVID-19 response, contain malicious attachments and are targeting individual consumers and companies alike…

Emails may also be disguised as coming from a hospital that inform the recipient they may have come in contact with an individual who tested positive for COVID-19. The email instructs the recipient to download an attached Excel file, complete a form, and bring it to the nearest hospital. Once the attachment is downloaded, the malware has been activated and the attackers may be able to access your data.

Please keep in mind that typically, legitimate COVID-19 response emails have a message only in the body of the email and do not contain attachments.

COVID-19 – PROTECT YOURSELF FROM FRAUD

There is some evidence that criminals are attempting to use the current COVID-19 situation as an exploitation opportunity, so please be extra vigilant before clicking on an email about the coronavirus outbreak. If a claim sounds too good to be true, it probably is.

Criminals use exceptional circumstances like the current situation as a chance to pose as employees of a genuine organisation such as building society, bank or police and target you for fraud scams. They may claim they are dealing with coronavirus-related issues that require you to respond by paying money or providing personal information that will allow them to access your account. They often use pressure tactics to stop you thinking about want they want you do for them.

To help you stay protected, here are some things that we will never do:

  • Ask you to disclose your PIN number or other passwords for your accounts
  • Encourage you to move funds from your own account into a different “safe” account
  • Charge up-front fees for repayment holidays
  • Make home visits to collect mortgage arrears on your doorstep
  • Demand an immediate payment of mortgage arrears over the phone
  • Demand payment of mortgage arrears via email providing you with a link through which to make payments.

Please remain vigilant.

Stop – Take a moment to think.
Challenge – Don’t be afraid to ask questions or to say “No” and end the conversation.
Protect – Contact the building society or the bank from which you have made a payment immediately if you think that you have been the victim of fraud.

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.

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

Moving Home or Your Mortgage

While moving home can be stressful, getting the right mortgage doesn’t have to be. You may be thinking about taking your current mortgage with you or you may just want to remortgage.

At the Melton, we understand that situations change which is why we offer expert advice and a range of fixed rate, discounted and low deposit mortgages.

With our discounted variable rate mortgages, you get a guaranteed discount off our Standard Variable Rate for the duration of your product. Deposits start at just 5%. If you prefer the certainty of knowing your monthly payments won’t change, our Fixed Rate mortgages will give you peace of mind throughout the duration of the product.

Already decided to move house?

You may want to keep your current deal if you’re on a good rate. There are things to consider, such as whether your new property has a higher value and how many years you have left on your mortgage term.

Keen to remortgage?

This is a good opportunity to get a lower interest rate or an all-round better deal. An Independent Mortgage Broker can talk you through any exit fees, arrangement fees or penalties (sometimes you’re actually better off staying with your current deal, especially if your circumstances have changed).

Benefits of remortgaging

  • You could reduce your monthly repayments
  • You might release some of the value in your property
  • To find a more suitable product due to a change in your circumstances.

Check out our useful Guide to Remortgaging – it will help you focus on what’s involved.

Take a look at our current mortgages for moving home or moving your mortgage below.

Mortgage Product Maximum Loan to Value Initial Rate Followed by our Standard Variable Rate The overall cost for comparison Product Fees Deposit amount
Shared Ownership – 3.69% Fixed Rate to 31 December 2024 95% 3.69% 4.99% 4.7% APRC

Based on a £97,000 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 31 year term: 61 monthly payments at a variable rate of 3.69%, (£438.08) £26,722.88. 311 monthly payments at standard variable rate (currently 4.99%), (£502.72) £156,345.92.  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 £183,603.80.

Shared Ownership – 3.59% Fixed Rate to 28 February 2023 95% 3.59% 4.99% 4.8% APRC
Shared Ownership – 3.19% Fixed Rate to 28 February 2022 95% 3.19% 4.99% 4.8% APRC
Shared Ownership – 2.79% Discounted Rate for Term 95% 2.79% n/a 2.9% APRC
3.05% Fixed Rate to 31 May 2023 90% 3.05% 4.99% 4.8% APRC
3.19% Fixed Rate to 31 December 2024 90% 3.19% 4.99% 4.5% APRC
2.75% Fixed Rate to 31 May 2023 80% 2.75% 4.99% 4.7% APRC
2.89% Fixed Rate to 31 December 2024 80% 2.89% 4.99% 4.3% APRC
2.49% 3 Year Fixed Rate 75% 2.49% 4.99% 4.3% APRC
1.99% Discounted Rate for Term 75% 1.99% 4.99% 2.1% APRC
1.99% Discounted Rate for Term 75% 1.99% 4.99% 2.1% APRC
2.65% Fixed Rate to 31 December 2024 75% 2.65% 4.99% 4.0% APRC £398
Short Term Finance 4.99% for Term 60% 4.99 n/a 5.6% APRC £99
Mortgage Product Maximum Loan to Value Initial Rate Followed by our Standard Variable Rate The overall cost for comparison Product Fees Deposit amount
2.75% Fixed Rate to 31 May 2023 80% 2.75% 4.99% 4.7% APRC

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: 27 monthly payments at a fixed rate of 2.75%, (£588.59) £15,891.93. 285 monthly payments at standard variable rate (currently 4.99%), (£737.94) £210,312.90. 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 £226,979.83.

2.89% Fixed Rate to 31 December 2024 80% 2.89% 4.99% 4.3% APRC
3.05% Fixed Rate to 31 May 2023 90% 3.05% 4.99% 4.8% APRC
3.19% Fixed Rate to 31 December 2024 90% 3.19% 4.99% 4.5% APRC
Shared Ownership – 3.69% Fixed Rate to 31 December 2024 95% 3.69% 4.99% 4.7% APRC
Shared Ownership – 3.59% Fixed Rate to 28 February 2023 95% 3.59% 4.99% 4.8% APRC
Shared Ownership – 3.19% Fixed Rate to 28 February 2022 95% 3.19% 4.99% 4.8% APRC
Mortgage Product Maximum Loan to Value Initial Rate Followed by our Standard Variable Rate The overall cost for comparison Product Fees Deposit amount
Short Term Finance 4.99% for Term 60% 4.99 n/a 5.6% APRC £99

Based on a £152,529 mortgage, secured by first charge on your main residential property, repaid on an interest only basis over a 5 year term: 60 monthly payments at standard variable rate of 4.99%, (£634.27) £38,056.20. Valuation fee on property of £409,000, payable when you apply £410 (scale applies). Application fee payable when you apply £99. Completion fee 1.5% of the loan amount payable at time of legal completion £2,288.00. 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. Loan amount payable at the end of your mortgage £152,529. Total Amount Payable £193,917.20

2.49% 3 Year Fixed Rate 75% 2.49% 4.99% 4.3% APRC
1.99% Discounted Rate for Term 75% 1.99% 4.99% 2.1% APRC
1.99% Discounted Rate for Term 75% 1.99% 4.99% 2.1% APRC
2.65% Fixed Rate to 31 December 2024 75% 2.65% 4.99% 4.0% APRC £398