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The Melton Mowbray Building Society SVR for term

The Melton Mowbray Building Society  SVR for term
Overpayments allowed Portable Initial rate Reverts to Max LTV
Whether the deal allows you to pay more than you have to each month so you can pay your mortgage off more quickly and save on interest.
Whether the deal can be transferred to a new property if you move so you don’t have to pay charges for paying the mortgage off early.
The interest rate you'll pay during the initial deal period.
The interest rate you'll pay once the initial deal period ends.
The maximum amount you can borrow as a percentage of the property value.
Yes No 4.99% 4.99% 75.0%

Assumed borrowing of £125,000 over 25 years, representative 5.0% APRC. Total amount payable: £219,640.84. Includes interest of £94,002.84, Valuation fee of £240, Booking fee of £199 and Administration fee of £199. Repayments: 300 monthly repayments of £730.01 at 4.99% (variable).

The Melton Mowbray Building Society customer satisfaction scorecard:

How do we work this out?
Clarity of statements Flexibility of payments Transparency of charges Customer service Overall customer score
n/a n/a n/a n/a

Not rated

n/a = sample size is too small.

We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible


Maximum age 70
Minimum age 18
Location England, Wales
Restricted location note N/A
Existing customer note N/A
Eligibility notes N/A

Mortgage product details

Mortgage types Purchase, Remortgage
Deal type SVR
Tracker type Standard variable rate
Payment options Repayment

Mortgage product features

Overpayments allowed Yes
Overpayment limits note Up to 10% of the current balance each year
Offset mortgage Yes
Help to Buy mortgage No
Shared ownership mortgage No
Shared equity mortgage No
New-build mortgage No
Self-build mortgage No
Portable mortgage No

Product fees

Arrangement fee £199
Arrangement fee can be added to loan Yes
Booking fee £199
Telegraphic transfer fee £25
Insurance fee £25
Other fees £0

Rate information

Minimum borrowing amount £25,000
Maximum borrowing amount £750,000
Minimum term (years) 5
Maximum term (years) 40
Initial deal end date N/A
Initial deal length (months) N/A
APRC 5.02%
Initial rate 4.99%
Revert-to rate 4.99%
Maximum LTV 75.0%

Other charges

Exit fees £150
Valuation admin fee £199
Valuation fee From £150 for property value above £80,000
Early repayment note 5% then 4% then 3% then 2% then 1% in the first 5 years

Standard benefits

Valuation admin fee excluded from any refund offer Yes
Maximum free valuation £0
Cash back amount £0
Further notes about benefits N/A

Remortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Payable

Purchase mortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Payable