Lenders

Beverley Building Society – UK Mortgage Lender

The Beverley Building Society was founded in 1866 to provide savings and mortgage opportunities for members in East Yorkshire. It is the 52nd largest building society in the UK.

The society has two branches, one in Beverley and the other in Pocklington, as well as several local agencies.

Mortgage Products

Tracker Mortgages: 3 year base rate tracker mortgages.

Discounted Mortgages: 2 year and 3 year discounted variable rate mortgages; 3 year offset stepped discount mortgages.

Standard Variable Rate Mortgage: a variable rate mortgage where monthly repayments go up and down in line with the lender’s base rate.

Adverse Credit Mortgages: ‘Back on Track’ mortgages for borrowers with poor credit history; conditions include minimum property value of £75,000, maximum loan to value (LTV) of 75 percent, no more than 3 CCJs, totalling less than £6,000, no mortgage arrears in the previous 6 months.

Beverley Building Society prides itself on being able to consider individual circumstances and deal with unusual and unpredictable situations such as poor credit rating. Crucially, interest is calculated on a daily basis, meaning that any repayments will take effect immediately.

It is also worth bearing in mind that although Beverley Building Society offers a maximum loan to value of 95% for local properties, reducing to 75% for properties outside of the DN, HU and YO postcode areas, making it more of a local specialist mortgage provider.

There are also several investment and savings accounts available either linked to a mortgage or taken out independently including capital accounts, monthly saves and ISAs.

Website: www.beverleybs.co.uk