The Melton Building Society Explained

Melton Building Society
Type:Building Society (Mutual)
Industry:Banking
Financial services
Predecessor:-->
Successor:-->
Foundation:1875
Founders:-->
Location City:Melton Mowbray
Location Country:England
Locations:5[1]
Key People:Simon Taylor (chief executive)
Products:Savings, Mortgages, Insurance and Financial Advice
Net Income:£13.2m (2022)
Assets:£714 million GBP (December 2022)
Owner:-->
Num Employees:141[2]
Subsid:MBS Lending Ltd, Nexa Finance Ltd, MMBS Services Ltd

The Melton Building Society is a building society based in Melton Mowbray, Leicestershire in the East Midlands. It was established in 1875 and is one of the oldest surviving building societies in the United Kingdom with over 65,000 members. It provides mortgages, savings, insurance and investment products from its principal office and three branches in Melton Mowbray, Oakham and Grantham. The society has a subsidiary, named MBS Lending Limited, which provides mortgage finance to customers who do not meet the criteria to become society members and accounts for approximately 14% of total outstanding loans (December 2015).

Melton Building Society is a mutual organisation owned by its more than 40,000 members.[3] The Society is a member of the Building Societies Association.

External links

Notes and References

  1. http://www.themelton.co.uk/branch-finder/
  2. Web site: Melton Building Society reports rising profits - Grantham Journal . 30 March 2016 . 1 April 2016 . https://web.archive.org/web/20160401063608/http://www.granthamjournal.co.uk/news/local/melton-building-society-reports-rising-profits-1-7302780 . dead .
  3. Web site: About the Melton | an Independent and Mutual Building Society : The Melton Building Society.