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.
Talk to our friendly team about what might suit you best. 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. We can help you work out what’s right for you.
This is a good opportunity to get a lower interest rate or an all-round better deal. Our advisors 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).
Check out our useful Guide to Remortgaging – it will help you focus on what’s involved. We’re also here to give you advice and guidance about the best deal so why not pop into your local branch? You can also call us on 01664 414141.
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 |
|---|---|---|---|---|---|---|
| 3 Year Discounted Rate 2.79% | 95% | 2.79% | 4.99% | 4.6% APRC |  |
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Based on a £167,732 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 35 year term: 36 monthly payments at a variable rate of 2.79%, (£648.52) £23,346.72. 360 monthly payments at standard variable rate (currently 4.99%), (£847.40) £305,064. Valuation fee on property of £176,560, 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 £329,185.72 |
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| Shared Ownership – 3 Year Discounted Rate 2.79% | 95% | 2.79% | 4.99% | 4.7% APRC | |
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| Shared Ownership – 3.59% Fixed Rate to 30 September 2022 | 95% | 3.59% | 4.99% | 4.8% APRC | |
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| Shared Ownership – 3.99% Fixed Rate to 30 September 2024 | 95% | 3.99% | 4.99% | 4.8% APRC | |
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| 3.25% 3 Year Fixed Rate | 95% | 3.25% | 4.99% | 4.7% APRC | |
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| 3.39% Fixed Rate to 30 September 2024 | 95% | 3.39% | 4.99% | 4.5% APRC | |
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| 3 Year Discounted Rate 2.59% | 90% | 2.59% | 4.99% | 4.5% APRC | £398 |  |
| 3 Year Discounted Rate 2.29% | 85% | 2.29% | 4.99% | 4.5% APRC | £398 |  |
| Offset Discounted Rate for Term 2.39% | 75% | 2.39% | n/a | 2.6% APRC | £798 |  |
| Standard Variable Rate for Term 4.99% | 75% | 4.99% | n/a | 5.3% APRC | £398 | |
| Remortgage 3 Year Discounted Rate 2.19% | 75% | 2.19% | 4.99% | 4.4% APRC | |
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| Interest Only Over 55’s – 3 Year Discounted Rate 1.99% | 75% | 1.99% | 4.99% | 4.4% APRC | |
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| 2.49% 3 Year Fixed Rate | 75% | 2.49% | 4.99% | 4.2% APRC | |
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| 3 Year Discounted Rate 1.99% | 75% | 1.99% | 4.99% | 4.0% APRC | |
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| 3 Year Discounted Rate 1.99% | 75% | 1.99% | 4.99% | 4.0% APRC | |
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| Short Term Finance 4.99% for Term | 60% | 4.99 | n/a | 6.1% 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 |
|---|---|---|---|---|---|---|
| 3 Year Discounted Rate 2.29% | 85% | 2.29% | 4.99% | 4.5% APRC | £398 | |
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Based on a £130,586 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 25 year term: 36 monthly payments at a variable rate of 2.29%, (£501.83) £18,065.88. 324 monthly payments at standard variable rate (currently 4.99%), (£681.58) £220,831.92. Valuation fee on property of £159,400, payable when you apply £240 (scale applies). Application fee payable when you apply £199. Completion fee payable at time of legal completion £199. 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 £240,070.80 |
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| 3 Year Discounted Rate 2.59% | 90% | 2.59% | 4.99% | 4.5% APRC | £398 | |
| 3 Year Discounted Rate 2.79% | 95% | 2.79% | 4.99% | 4.6% APRC | |
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| Shared Ownership – 3.59% Fixed Rate to 30 September 2022 | 95% | 3.59% | 4.99% | 4.8% APRC | |
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| Shared Ownership – 3.99% Fixed Rate to 30 September 2024 | 95% | 3.99% | 4.99% | 4.8% APRC | |
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| 3.25% 3 Year Fixed Rate | 95% | 3.25% | 4.99% | 4.7% APRC | |
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| 3.39% Fixed Rate to 30 September 2024 | 95% | 3.39% | 4.99% | 4.5% APRC | |
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| 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 | 6.1% APRC | £99 | |
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Based on a £145,000 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 5 year term: 60 monthly payments at standard variable rate of 4.99%, (£2735.66) £164,139.60. Valuation fee on property of £441,584, 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 £2,175.00. 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. Total Amount Payable £167,358.60 |
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| Offset Discounted Rate for Term 2.39% | 75% | 2.39% | n/a | 2.6% APRC | £798 | |
| Standard Variable Rate for Term 4.99% | 75% | 4.99% | n/a | 5.3% APRC | £398 | |
| Remortgage 3 Year Discounted Rate 2.19% | 75% | 2.19% | 4.99% | 4.4% APRC | |
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| Interest Only Over 55’s – 3 Year Discounted Rate 1.99% | 75% | 1.99% | 4.99% | 4.4% APRC | |
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| 2.49% 3 Year Fixed Rate | 75% | 2.49% | 4.99% | 4.2% APRC | |
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| 3 Year Discounted Rate 1.99% | 75% | 1.99% | 4.99% | 4.0% APRC | |
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| 3 Year Discounted Rate 1.99% | 75% | 1.99% | 4.99% | 4.0% APRC | |
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It’s easy to find out using our Affordability Calculator. You can also check through your options at Mortgage Finder. There’s lots of useful advice in our Guide to Remortgaging too.
If you’re planning on moving home or changing your mortgage, get in touch today on 01664 414141 to fix a convenient appointment.
