If you borrow £178,000 over a 25-year term at 4.74% p.a. (fixed) for 60 months reverting to 7.99% p.a. (variable) for the remaining term, you would make 60 monthly payments of £1013.79 and 240 monthly payments of £1312.32. The total payable would be £377,163.20, which includes the interest of £197,784, valuation fees of £0 and a product fee of £999. The overall cost for comparison is 6.8% APRC representative.

Melton Mowbray Building Society Mortgage Rates & Fees Comparison
Melton Mowbray Building Society offers a range of fixed and variable rate mortgages that could be suitable for you.
The Melton Mowbray Building Society is an independent mutual society that has been looking after the financial needs of the people of Melton Mowbray and surrounding regions since 1875. Its team of expert mortgage advisors can help you find a solution for your borrowing needs and The Melton’s product range is designed to suit a variety of circumstances.
Compare The Melton Building Society’s mortgage rates
The Melton Building Society’s buy-to-let mortgage rates
If you borrow £178,000 over a 25-year term at 4.74% p.a. (fixed) for 60 months reverting to 7.99% p.a. (variable) for the remaining term, you would make 60 monthly payments of £1013.79 and 240 monthly payments of £1312.32. The total payable would be £377,163.20, which includes the interest of £197,784, valuation fees of £0 and a product fee of £999. The overall cost for comparison is 6.8% APRC representative.
What types of mortgages can I get with Melton Mowbray Building Society?
- Fixed rate Your interest rate will be locked with a set amount of time, providing certainty as far as the size of your monthly repayments.
- Remortgages You can switch our existing mortgage to Melton Mowbray Building Society via one of its remortgage products.
- Offset You can use the funds in your savings account to offset the amount of your mortgage balance you pay interest on.
- Discounted rate Your interest rate will remain locked a specific percentage below the standard variable rate for a set amount of time.
- Buy to let This mortgage will allow you to borrow money to purchase an additional property to let out to a tenant.
- Shared ownership This mortgage will allow you to purchase a share of your property and pay rent on the remainder. You can then apply to purchase additional shares as and when you can afford it.
How to apply
You can apply via one of the mortgage’s intermediaries.
What information is needed to apply?
You’l need to provide proof of identity, proof of residency for the last 12 months, proof of mortgage/rent payments, proof of income including your last three months worth of bank statements and proof of deposit.
Eligibility criteria
You must be a UK resident who is at least 18 years old and buying a property in England and Wales.
Employed applicants will need to have been in continuous employment for the last 12 months, and in their current job for at least three months. Self-employed applicants will need to be able to provide two years worth of accounts.
If you have unsatisfied CCJs or defaults, you’ll be declined. Satisfied CCJs or defaults must have occurred more than three years after applying, and they must have been for less than £1,000.
Contact information
You can get in contact by calling 01664 414144 or the contact form on themeltonbrokers.co.uk.
Frequently asked questions
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