MEDIA RELEASE
MEDIA RELEASE Wednesday, 30 June 2021
Beverley Building Society reduces mortgage rates by up to 0.40%
Beverley Building Society has updated its mortgage range to make it even more competitive, with a number of positive changes, including significant rate reductions.
We have chopped the rates on deals including our recently-launched 95% LTV mortgage aimed at first-time buyers, as we continue to doing everything possible to help borrowers despite the current, challenging environment.
Full details at a glance
Home purchase product changes
· 3-year discounted variable rate deal up to 65% LTV, reduced by 0.40%, from 2.39% to 1.99% (a 3.00% discount off the Society’s current SVR of 4.99)
· 2-year fixed rate 95% LTV rate deal reduced by 0.36%, from 3.85% to 3.49%
· 3-year discounted variable rate deal up to 80% LTV reduced by 0.34%, from 2.49% to 2.15%, a discount of 2.84% off the Society’s SVR
· 2-year variable rate deal at 1.82% now available up to 80% LTV (previously 75% LTV).
Remortgage product changes
· 3-year discounted variable rate deal to 65% LTV rate reduced by 0.14%, from 2.39% to 2.25%, a 2.74% discount off the Society’s SVR
· 2 and 3-year variable rates at 2.19% and 2.49% respectively, now available up to 80% LTV
· 2-year variable rate deal at 1.82% now available up to 80% LTV (previously 75% LTV).
These positive changes follow other competitive recent product launches by the Beverley, including its two-year fixes up to 90% LTV at 2.99%, and 85% LTV at 2.75%.
The Society’s Head of Mortgages, Graham Carter, said: “This is the latest example of how we are listening to feedback from brokers and direct customers, and adjusting our mortgage offering accordingly, as we continually seek to underline our mutual commitment to enabling homeownership for as many people as we possibly can.
“Our flexible and individual approach to underwriting means we can make our simple range of fixed and discounted-rate products available to a wide range of borrowers, including the self-employed, people borrowing in later life and families looking to collaborate on a purchase.”
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