The Melton Mowbray Building Society, incorporated in 1875 as a Mutual Building Society for the benefit of Melton Mowbray and its surrounding area, remains very much a part of its community.

Throughout its history, the Melton, as it is often known, has been firmly committed to the principle of supporting its local area and its current directors are proud to continue that tradition. Melton Mowbray’s primary purpose remains to provide savings plans, mortgage finance, personal financial advice and a high standard of service to members within its territorial area but the Melton Mowbray Building Society is very much aligned to all aspects of local life – supporting fetes, galas, societies, organizations, schools in many different ways.

This support was rewarded in 2001 when the society was given the Community Award when it participated in the Grantham Business Awards for the first time. This was the first of several awards gained by the society in recent years, reflecting the efficient and friendly service that remains key to the work of the 4 local branch offices and 8 agency offices and is indicative of the commitment the Society shows to remain a strong, local Mutual Building Society.

Melton Mowbray Mortgages

The Melton offers a range of mortgages to suit different customer requirements. It has 4 Fixed Rate Mortgages, ranging from a maximum loan to value of 75% for house purchases and remortgages up to a loan value of 95% for house purchases and 90% for remortgages. One of the Melton Mowbray Fixed Rate Mortgages is offered without an arrangement fee for clients. Reflecting its strong local aspect, it must be noted that a maximum loan to value of 75% applies to any properties outside a 50 mile radius of Melton Mowbray.

Additionally, there are three Melton Mowbray Building Society Base Rate Tracker Mortgages, with a maximum loan to value of up to 75% for house purchase and remortgage.

‘First Home Choices’ is a concept introduced by the society for First Time Buyers, with currently 4 different options available. At present, first time buyers can take advantage of the Melton Mowbray Building Society Family Guarantor Scheme; the First Start Plan, which allows first time buyers to buy with friends or family members; Melton Mowbray Building Society 100% Mortgages; and the First Time Buyer Mortgage, for people with a deposit who can take advantage of specifically tailored mortgaged products.

Furthermore, The Melton offers Buy to Let options for property purchases or remortgages, with the added features of free basic legal fees using the Mortgage Switch service on remortgages and the possibility of linking to an Offset Share Account.

Melton Mowbray Building Society Loans

Melton Mowbray Building Society Personal Loans are also available, usually from £5,000 to £25,000. These feature repayment periods of between 1 and 8 years, no repayments for the first 4 months, customer preferred payment dates, the possibility of receiving the money on the date of loan agreement, and optional Payment Protection cover. It is also possible to take out a Melton Mowbray Building Society loan for smaller sums than £5,000.