On 7th of November 2024 the Bank of England’s Monetary Policy Committee (MPC) met and decided to decrease the Bank Base Rate by 0.25% to 4.75%.
As a result, we will be making the following changes:
Mortgages
Base Rate Tracker Mortgages to reduce by 0.25% with effect from Sunday 1st December 2024.
Standard Variable Rate (SVR) to reduce by 0.25% to 8.44% with effect from Saturday 1st February 2025.
Historic MBSL (Credit Repair) SVR to reduce by 0.25% to 8.94% with effect from Saturday 1st February 2025.
If you have any concerns about financial difficulty, please contact the Mortgage Services Team on 01664 414141 so we can help support you.
Savings
We are currently reviewing market changes following the recent announcement by the Bank of England and will communicate any changes once a decision has been made.
Please bear with us – our telephone lines may be busier than usual as we help our customers.
We’re here to help you buy your own home, make the most of your savings and help you find independent personal financial advice. With 40,000 members, we have a reputation for being a trusted provider of mortgages and savings.
Our success is built on being an independent, mutual society, that places customers (or members) at the heart of everything we do. Being a mutual means we don’t have to pay shareholders dividends. So we can share the results of our success with our members through higher interest rates for savers, lower rates for borrowers and providing better services.
This also means contributing to the communities we serve, including supporting local charities not only financially but voluntarily with our time, experience and knowledge. Find out more
Our roots and heritage are firmly in the Melton Mowbray area and our 5 local branches – Melton, Grantham, Oakham, Stamford and Bourne – provide a level of customer service you would expect of a community-based building society. It’s also very easy to do business with us over the telephone, online and through mortgage intermediaries. Our customer advisors are here to help from 9am to 6pm Monday to Friday and 9am to 12pm on Saturday.
If you think we have not lived up to our values, please call 01664 414141.
Main Office
Mutual House,
Leicester Road,
Melton Mowbray,
Leicestershire
LE13 0DB