The Melton Mowbray offset mortgage range includes mortgages with different features. Special terms may apply to some mortgages outside a 50 mile radius of the building society's principal office. All of the mortgages can be linked to an offset share account to reduce the amount of interest paid on the mortgage.
Melton Mowbray offset mortgage offer fixed rate deals available to home buyers and remortgage customers at up to 75 per cent of the property value. Valuation fees are between £120 and £390 depending on the property value. There are arrangement fee’s to pay and it is worth checking the amount of these. During the fixed rate period, there is an early redemption and a discharge fee. Remortgage customers can get their legal fees paid. Borrowers can overpay up to 10 per cent a year without incurring early repayment charges on this Melton Mowbray offset mortgage deal.
Melton Mowbray also offer variable rate offset mortgages that are available at up to 95 per cent of the property value, depending on circumstances. The interest rate will generally be a certain % above the base rate for the life of the mortgage. Again, fees will be payable so check with the lender the exact amount of these and phone us to do a comparison for you with other more mainstream lenders. Overpayments, underpayments and payment holidays are allowed on this Melton Mowbray offset mortgage deal. However underpayments and payment holidays could increase the mortgage term and/or the total amount payable.
The general fees payable to Melton Mowbray may include payments of the following: valuation fees, legal fees, redemption fees and lenders arrangement fees.
The fifth Melton Mowbray offset mortgage is a base rate tracker deal available at up to 95 per cent of the property value, depending on circumstances. The interest rate is 0.74 per cent above the base rate for the life of the mortgage. The overall cost for comparison is 5.6 per cent APR. Valuation fees are discounted or free with this deal. There is no arrangement fee. Overpayments, underpayments and payment holidays are allowed on this Melton Mowbray offset mortgage deal*.
However, please note that The Offset Mortgage Centre cannot advise on or arrange mortgages from the Melton Mowbray Building Society.
More focused to local and direct clients
10 working days are needed before money can be paid out against a cheque
Overpayments/underpayments
