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Melton Mowbray Mortgages

Best Melton Mowbray Mortgage Rates

Melton Mowbray Mortgages

Melton Building Society is based in Melton Mowbray, Leicestershire and offers financial services including mortgages, primarily in the East Midlands.  

    • 4.07% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
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    • 4.07% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback £0
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    • 4.08% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
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    • 4.08% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
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    • 4.09% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback £0
      Free Legals
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    • 4.11% Initial
    • 5 year fixed
    • 5.8% APRC
    • Cashback £0
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    • 4.12% Initial
    • 5 year fixed
    • 5.8% APRC
    • Cashback £0
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    • 4.13% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.14% Initial
    • 5 year fixed
    • 6.3% APRC
    • Cashback £0
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    • 4.14% Initial
    • 2 year fixed
    • 7.7% APRC
    • Cashback £0
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Representative example based on a fixed rate mortgage

A mortgage of £375,000 payable over 20 years initially on a fixed rate for 5 years at 4.38% and then at the standard variable rate of 7.65% for the remaining 15 years would require 60 monthly payments of £2,351.88 and then 180 monthly payments of £2,899.55.

The total amount payable would be £663,156.80 which includes interest and product fees of £1,124.

The overall cost for comparison is 6.5% APRC representative.

Early repayment charges may apply.

Compare Melton Mowbray mortgages

Whether you are simply looking to move home or have more specialist requirements, Melton Building Society offer a number of mortgage products that could match your needs.

First Time Buyer mortgages

Melton Building Society give mortgages of up to 95% of the value of a property to first time buyers to help them get onto the property ladder. They also offer features such as fixed rates and discounted rates for the first few years of a first time buyer mortgage to help new homeowners better plan their finances.

Self Build mortgages

It can be hard to get a mortgage for a self build or renovation project as the property may not be considered mortgageable by many lenders until it is complete. The Melton offers dedicated self build and renovation mortgages to help customers finance their property building dreams.

Buy to Let mortgages

If you want to buy property to rent out as an investment, Melton Building Society will lend you up to 60% of the property’s value. They offer discounted rates on many of their buy to let mortgages although the amount you can borrow may depend on the market monthly rental value of the property.

Remortgaging with Melton Building Society

Paying off your existing mortgage with a new one can allow you to increase your borrowing or cut your monthly repayments. This can help you save money or fund home improvements, buy a car or contribute towards any other purposes.

Second charge mortgages

If you are happy with your current mortgage but need to borrow more, taking out a separate secured loan may be the way to go. This allows you to unlock additional equity from your property without interfering with your existing mortgage.

Loan to value ratio

To get an idea of how much you may be able to borrow, it is worth thinking about your loan to value (LTV) ratio. This is a metric lenders use to decide how much they will be willing to give you as a mortgage. LTV is a way of showing how much the amount you want to borrow is as a percentage of the market value of the property in question.

For example, take out a £50,000 mortgage on a £100,000 house and this will give you an LTV of 50%. Most lenders will go up to an LTV of 75% for most mortgages and some may lend more on certain types of borrowing.

Find the best deals on mortgage rates

Our mortgage calculator gives you a quick, straightforward way to compare top mortgage deals from leading providers across the industry. That way you can see which mortgages represent the best value for you with minimal fuss.

To try it out, just head to the top of the page and put in some basic information, including how much you want to borrow and how long for. The mortgage calculator will then show you our pick of all the best deals that match your requirements.

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