Melton Mowbray Building Society
Building SocietyMelton Mowbray Building Society is a Leicestershire-based mutual offering residential and buy-to-let mortgages with individual underwriting, known for its personal service and flexible approach to lending in the East Midlands.
About Melton Mowbray Building Society
Melton Mowbray Building Society was founded in 1875 in the Leicestershire market town of Melton Mowbray. For 150 years the society has served the local community, growing from a small local savings club into a modern building society offering a range of mortgage and savings products.
The society provides residential and buy-to-let mortgage products with individual underwriting on every application. Melton Mowbray Building Society is known for its personal approach, with applicants able to speak directly with underwriters and decision makers. This hands-on assessment means the society can consider a wider range of borrower circumstances than many larger, more automated lenders.
Melton Mowbray Building Society operates from its branch in Melton Mowbray and also works with selected mortgage brokers. The society is committed to its mutual values and actively supports community organisations in the Leicestershire area. It is regulated by the FCA and PRA and is a member of the Building Societies Association.
Lending Focus
Melton Mowbray Building Society offers mortgage products across 2 categories including Residential, Buy-to-Let.
Key Features
- Individual underwriting with personal assessment of every case
- Buy-to-let mortgages for individual landlords
- Direct access to underwriters and senior lending staff
- Competitive rates from a community-focused mutual
Pros & Cons
Pros
- Personal service with direct underwriter access
- Individual assessment can accommodate non-standard circumstances
- Buy-to-let products available alongside residential mortgages
- Mutual ownership keeps the focus on members rather than shareholders
Cons
- –Limited lending area primarily covering the East Midlands
- –No specialist products such as self-build, bridging, or equity release
- –No online application or DIP facility
Fees & Charges
- Arrangement Fee
- Varies by product; typically £200–£500
- Valuation Fee
- Charged at cost depending on property value
- Early Repayment Charge
- 2–3% during the initial deal period
- Overpayment Allowance
- Contact the society for current overpayment terms
Mortgage Rates
Rate data coming soon. View rates on Melton Mowbray Building Society
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 2–4 weeks
- Online DIP
- No — via broker or branch
- Offer Valid For
- 3 months
Lending Criteria
- Maximum LTV
- 85%
Frequently Asked Questions
Where does Melton Mowbray Building Society lend?
Melton Mowbray Building Society primarily lends on properties in Leicestershire and the wider East Midlands. Contact the society to confirm whether your property is within their lending area.
Does Melton Mowbray Building Society offer buy-to-let mortgages?
Yes, the society offers buy-to-let mortgage products for individual landlords. Rental income and personal income are assessed to determine affordability.
Can self-employed borrowers apply?
Yes, Melton Mowbray Building Society accepts self-employed applicants and individually assesses income. You will typically need at least two years of accounts.
What makes Melton Mowbray Building Society different from a bank?
As a mutual building society, Melton Mowbray is owned by its members rather than external shareholders. This means profits are reinvested for member benefit, often resulting in competitive rates and personal service.
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Buckinghamshire Building Society | Residential, Buy-to-Let, Limited Company | Building Soc. | 90% |
| Cambridge Building Society | Residential, Buy-to-Let, Self Build+1 | Building Soc. | 95% |
| Chelsea Building Society | Residential, Buy-to-Let, Shared Ownership | Building Soc. | 95% |
| Coventry Building Society | Residential, Buy-to-Let | Building Soc. | 95% |
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice.Always verify lender details directly and seek independent advice before making financial decisions.
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