In 1866 Beverley Building Society was launched and is one of the oldest traditional building societies in the United Kingdom.  The Society focuses on mortgages and savings and looks after their customers professionally and in a friendly manner.  They take care in assessing each mortgage applicant taking into consideration their personal circumstances. They mainly cover the East Riding of Yorkshire but their mortgage and savings services are now available nationwide.

Beverley Building Society calculates interest on each of their mortgage products on a daily basis. They will offer a maximum mortgage of up to 90% of the cost of the property or its valuation depending on which is the lower of the two unless the mortgage states differently.

The Beverley Building Society have an offset savings facility for all their mortgages, such mortgages require you to set up with the society one offset savings account and you can have saved in that account up to 75% of the loan. The sum of your savings will be counterbalanced by the balance of your mortgage which will lead to the interest being levied on the net sum borrowed.

Therefore if your savings totaled £10K and you had a mortgage of £100K, whilst no interest would be settled by the Beverley Building Society, interest on your savings would be levied only on £90,000 of your mortgage.

Beverley Building Society has the following types of mortgages on offer: A Standard Variable Rate Mortgage and Discount Mortgages.

Here is an example of their Standard Variable Rate mortgage:

Offset Standard Loan to Value (LTV)) 90% Mortgage

• The maximum loan available is £500,000
• The minimum loan available is £25,000
• This sort of loan is Repayment and is available for home purchases, remortgage and first time buyers
• The initial rate is 4.75% with a subsequent rate of 4.75%
• The initial rate term is 4 months
• There is no application fee
• No mortgage exit fees
• There is a ‘Higher Lending Charge’
• Overpayments are available
• Underpayments are available
• You can take a ‘Payment Holiday’

Discount Rate Mortgages

Here is an example of one of their discount rate mortgages (others are available)

Flexi Three Year 1.50% Discount Offset LTV 85% Mortgage

• The maximum loan available is £500,000
• The minimum loan available is £25,000
• This sort of loan is Repayment and is available for home purchases, remortgage and first time buyers
• The initial rate is 3.25% with a subsequent rate of 3.25%
• The initial rate term is 3 years
• There is no application fee
• No mortgage exit fees
• There is a ‘Higher Lending Charge’
• Overpayments are available
• Underpayments are available
• You can take a ‘Payment Holiday’
• This mortgage can be moved

The society can be contacted by telephone, in branch or internet.

Beverley Building Society address is:

57 Market Place, Beverley, North Humberside HU17 8AA