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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

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