Melton Variable Rates

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.

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  1. The services referred to on this website are only available to United Kingdom residents and are not an invitation or offer to sell mortgages, savings of investment products or any other services outside of the United Kingdom.
  2. The information provided does not constitute an offer or financial or other professional advice. If you want to take up any services, please seek further information from the Melton Mowbray Building Society, an Independent Financial Advisor or other Professional Advisors. All the products and services described are subject to availability and may be withdrawn, and the terms and conditions may be varied, at any time and without notice.
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Get In Touch

Call one of our friendly advisors on 01664 414141. Opening hours are 9:00am – 5:30pm Monday to Friday.

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