MEDIA RELEASE

MEDIA RELEASE                                                     Monday, 10 May 2021

Beverley Building Society launches market-leading 90% LTV mortgage

Beverley Building Society has launched a two-year, fixed-rate deal at 2.99 per cent, as its latest step to help first-time buyers and borrowers with deposits of just 10 per cent.

The latest product complements the Society's existing two-year fix at 2.75% up to 85% LTV.

Full details at a glance

• Two-year fixed rate up to 90% LTV
• 2.99% for two years from completion, reverting to our SVR, currently 4.99%
• Family-assist arrangements, with gifted deposits or guarantors in place, considered
• Available for purchase and remortgage (with no additional borrowing)
• Repayment terms only
• £995 fee
• Maximum loan size: £200k
• Overpayments of up to 10 per cent allowed during the product term, without early repayment charges
• Limited edition products - brokers and would-be borrowers are advised to apply without delay
• For more details, visit our website.

Our Head of Lending, Graham Carter, said: "We understand that higher-LTV mortgages continue to be a pinch point in the marketplace, with just not enough deals available for people with lower deposits, who, after all, are the engine room of the housing market.

"Hence why, with this latest addition to our fixed-rate range, we're aiming to continue filling that gap.

"We're urging brokers and direct applicants to act fast, as we only have a limited tranche available, albeit we hope to add more fixed rates in future, subject to demand."

Anyone wanting to find out more about this latest two-year deal can get in touch with the Beverley via (01482) 881510, or emailmortgages@beverleybs.co.uk

Notes for editors 

For more information or to arrange interviews, contact Tracy Fletcher of By Tracy Fletcher Limited PR via tracy@bytracyfletcher.com 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.  

The Society's approach to mortgages

• Our other specialist niches include people looking to borrow in later life, self-builders and those wanting to help family members secure a mortgage
• We will go out of our way to make your job as straightforward as possible, reviewing each case on its merits to manually underwrite with no credit scoring
• Our online Mortgage Hub system enables you to submit cases efficiently
• Applicants have direct access to our experienced mortgage team when you need it
• We don't credit score - we make individual decisions based on an applicant's full circumstances