Introduction
Established in 1875, Melton Building Society stands as one of the UK’s most enduring mutual financial institutions. Rooted in the heart of Melton Mowbray, Leicestershire, this society has consistently prioritized its members’ interests over profit, distinguishing itself from traditional banks. With a commitment to community and personalized service, the Melton has become a trusted partner for many seeking reliable financial solutions.
What is Melton Building Society?
A mutual building society, the Melton operates solely for the benefit of its members. Unlike shareholder-owned banks, it reinvests profits to enhance services and offer competitive rates. Over its 150-year history, the society has grown to serve over 40,000 members, maintaining a strong presence in the East Midlands. New Possible
Branches and Locations
The Melton boasts five branches across the East Midlands, ensuring accessibility and personalized service:
- Melton Mowbray (Head Office)
- Grantham
- Oakham
- Stamford
- Bourne
Each branch is designed to provide a community-focused experience, with staff dedicated to understanding and meeting individual financial needs. New Possible
Products and Services Offered
1. Savings Accounts
The Melton offers a diverse range of savings products tailored to various needs:
- Easy Access Accounts: Allowing members to access their funds without penalties.
- Fixed-Rate Bonds: Providing guaranteed interest rates over a set term.
- Individual Savings Accounts (ISAs): Tax-efficient savings options.
- Children’s Savings: Encouraging young savers with competitive rates.
- Notice Accounts: Offering higher interest rates in exchange for a notice period before withdrawals.
These accounts are designed to help members grow their savings securely.
2. Mortgages
Whether you’re a first-time buyer or looking to remortgage, the Melton provides a variety of mortgage products:Discover Melton
- Residential Mortgages: For purchasing or refinancing homes.
- Buy-to-Let Mortgages: Tailored for property investors.
- Shared Ownership: Helping members get onto the property ladder with a smaller initial investment.
- Remortgages: Offering competitive rates for those looking to switch lenders.
- Interest-Only Mortgages: Allowing members to pay only interest for a set period.
These products cater to various customer needs, from first-time buyers to seasoned investors.
3. Insurance & Financial Advice
Beyond traditional banking, the Melton offers:
- Home Insurance: Protecting members’ properties and belongings.
- Financial Planning Services: Assisting with long-term financial goals.
- Estate Planning: Helping members plan for the future.
- Independent Mortgage Advice: Guiding members through the mortgage process.New PossibleThe Melton+18Trustpilot+18Smart Money People+18Charity RegisterTrustpilot+13The Melton+13Finastra+13
These services aim to provide comprehensive financial support to members.
Customer Experience and Reviews
The Melton has garnered positive reviews for its services:
- Trustpilot Rating: 4.71/5
- Smart Money People Rating: 4.8/5 for savings accounts
Customers frequently commend the society for its:
- Friendly and knowledgeable staff: Providing personalized service.
- Clear and transparent communication: Ensuring members are well-informed.
- Personalized service: Tailoring solutions to individual needs.Trustpilot
However, some reviews mention occasional challenges with online services, such as accessing online savings accounts. Trustpilot
Awards and Recognitions
In 2025, The Melton was honored with the British Bank Awards for:
- Best Savings Provider
- Best Building Society
These accolades reflect the society’s commitment to excellence in customer service and financial products.
Why Choose Melton Building Society?
Choosing the Melton means opting for a financial institution that:
- Puts members first: As a mutual society, profits are reinvested to benefit members.
- Offers personalized service: With a focus on understanding individual needs.
- Has a strong community presence: With branches deeply rooted in local areas.
- Provides a range of financial products: Catering to various needs and life stages.New Possible+2Best of Melton Awards+2
These factors make the Melton a trusted choice for many seeking reliable financial solutions. Smart Money People+4Traders Union+4New Possible+4
How to Open an Account or Apply for a Mortgage
Opening an account or applying for a mortgage with the Melton is straightforward:The Melton
- Visit a Branch: Speak with a representative who can guide you through the process.
- Online Application: For certain products, you can apply online through their website.
- Documentation: Ensure you have necessary documents, such as identification and proof of address.
The Melton’s staff are available to assist you at every step, ensuring a smooth and informed experience.
Conclusion
With a rich history spanning over 150 years, Melton Building Society continues to serve its members with dedication and integrity. Whether you’re looking to save, invest, or secure a mortgage, the Melton offers a range of products tailored to your needs. Their commitment to personalized service and community values makes them a standout choice in the financial sector. For more information or to get started, visit www.themelton.co.uk.
