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26.
May
2021.
Beverley Building Society to re-enter 95% LTV mortgage market
 

MEDIA RELEASE

 

 

 

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MEDIA RELEASE                                                                                                                                            Wednesday, 26 May 2021

 

Beverley Building Society to re-enter 95% LTV mortgage market with new deal for both employed and self-employed borrowers

 

 

Beverley Building Society is this week launching a two-year, fixed-rate deal at 3.85%, as its latest step to help first-time buyers and home movers who only have a five per cent deposit.

Available from Thursday, this newest offering complements the launch of the Society’s other, recent additions: two-year fixes up to 90% LTV at 2.99%, and 85% LTV at 2.75%.

Full details at a glance

·       Two-year fixed rate up to 95% LTV

·       3.85% for two years from completion, reverting to our SVR, currently 4.99%

·       Family-assist arrangements considered, including gifted deposits, guarantors and joint borrower/sole proprietor arrangements

·       Available for home purchases, to both first and second-time buyers 

·       Capital and Interest repayment terms only

·       £995 fee, which can be added to the loan

·       Will consider self-employed applicants 

·       Maximum loan size: £200k.

Our Head of Lending, Graham Carter, said: “This is the latest example of how we are responding to borrowers’ needs in these challenging and uncertain times.

“We understand that lower-deposit deals remain in short supply, yet they offer an important entry point to the kinds of borrowers who are vital to every house sale chain, and therefore the buoyancy of the market as a whole.”

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