Beverley Building Society | Flexible Mortgages

Beverley Building Society Branch Image Beverley Building Society offers a stepped discount offset mortgage which is pegged to its standard variable rate, usually this is priced at a few % points above the Bank of England base rate. The Beverley stepped discount offset mortgage is available up to a maximum loan to value of 80 per cent. The loan to value may be less outside certain postcode areas. The Beverley stepped discount offset mortgage has a decreasing discount over time and current rates need to be confirmed directly with the lender.

The amount of fees attached to the mortgage also needs to be confirmed directly with the lender including the exact amount being charged for completion or arrangement fees and to see the level of early repayment charges. Other fees worthy of comparison with the high street lenders are the higher lending charge (if applicable) and the valuation fee. Mortgage holders may have up to 75 per cent of the loan amount in a linked offset mortgage savings account. Overpayments are allowed, and underpayments are allowed up to the level of previous overpayments.

Beverley Building Society also offers a base rate tracker mortgage. The Beverley base rate tracker mortgage is usually priced above the base rate before reverting to the lenders standard variable rate. It is available up to 80 per cent loan to value. Overpayments, underpayments and payment holidays are available on request. Up to 10 per cent of the loan may be repaid each year without incurring an early repayment charge, though there will be a penalty during the discount period.

Beverley Building Society also offers discount mortgages with flexible features. These mortgages allow borrowers to repay up to 10 per cent of the loan each year without paying early repayment charges. It's worth noting that there will be a penalty for repaying the whole mortgage during the discount period.

However, please note that The Offset Mortgage Centre cannot advise on or arrange mortgages from the Beverley Building Society.

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Pro's

Convenient for local residents

Con's

Only available up to 75% of your house value

Features

No penalties for early repayment of the mortgage

Offset Mortgage Centre

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