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BBS launches new mortgage offering to help Yorkshire & Humber's self-employed




MEDIA RELEASE                 Wednesday 10 July 2019 



Beverley Building Society launches new mortgage initiative aimed at helping Yorkshire and the Humber's growing number of self-employed people to obtain a mortgage 


We are delighted to announce exciting changes to our self-employed mortgage criteria, which will allow company owners who have been in business for as little as a year to buy a home or remortgage. 


We have made these changes to help cater for the growing proportion of people locally who are choosing to work for themselves and finding it difficult to obtain funds from the many lenders which adopt a tick box decision-making process. 


By contrast, we cater for a wide variety of circumstances, offering competitive rates across our portfolio. And because our friendly and experienced mortgage team are dedicated to getting to know each applicant personally, we can make common sense decisions that take all of their circumstances into consideration. 


This is the latest development in our mission to help people who don't quite fit the mould when it comes to applying for a mortgage, by specialising in a range of niche areas, which also include lending into retirement, self-build mortgages and guarantor/family assist arrangements. 


Our Head of Lending Graham Carter said: "We've identified a gap in the market for the growing number of self-employed people in our region, and are aiming to fill it with a new set of mortgage criteria for people running their own business with a varied range of income sources. 


"Our team manage cases end-to-end, personally underwriting each one and taking the time to really understand each borrower's situation, doing our very best to help them." 


According to the Office for National Statistics Labour Force Survey, the number of self-employed people in the Yorkshire & the Humber region is rising. For example, the ratio had increased from 9.6 per cent in 2001, to 13.5 per cent in 2016. 


Our new self-employed mortgages at a glance 


Other key features 


  • We will consider a minimum of one year's trading, for applicants with a strong track record in their field 
  • We allow varied and mixed income types - salary, dividend, net profit, retained profit or a mix of all three 
  • Loans of up to 95 per cent loan-to-value are available 
  • We will consider all types of self-employed status: i.e. sole trader, director of a limited company or part of a limited liability partnership 
  • We will also take into account a wide range of evidence, including SA302s, tax computations, full accounts or, in some cases, a simple accountant's reference 
  • Each application is personally underwritten by our experienced team, who will fully consider each case on merit 
  • We don't credit score and provide full end-to-end management of every case 
  • Other niche areas in which we specialise include later-life mortgages (including Retirement Interest Only), self-build and inter-family lending. 


For more details of our general product range, visit You will also find more information about our approach to lending in our Intermediary section  
N.B. The attached image shows Graham Carter, Head of Lending 


For more information or to arrange interviews, please contact Tracy Fletcher of By Tracy Fletcher Limited PR via or 07983 633385. 




About Beverley Building Society 


Beverley is the only independent building society in East Yorkshire. We have been supporting our community since 1866 and are committed to contributing to the vibrancy of our region by making a difference. 

As a true independent, we are committed to living mutuality by building better futures for our members, new and existing borrowers and savers, our people, our community and our sector at large. 


We're powered by highly committed colleagues who go over and above, every day, to offer our customers quality, friendly, personal service. 


In an age where the financial services market is moving, at pace, towards AI-powered, automated solutions, we believe there is a place for people-centred financial services and are passionate about maintaining that personal touch. 


We aim to make enough profit to ensure the Society is financially strong and sustainable, and can invest in continual product and service improvements for our members. We do not pay staff bonuses and all our profits are re-invested to support this goal.