Beverley Building Society
Lender Documents
Proc Fee
| Product | Gross Fee paid by lender | Net fee paid to regulated broker | Net Fee paid to non-regulated & client referral service |
|---|---|---|---|
| All products | 0.80% | 0.40% | 0.20% |
Why dealing with Beverley Building Society is different
Beverley Building Society is a truly independent, regional Society, which has served generations of families in East Yorkshire and beyond for more than 150 years.
We recognise that intermediaries are the engine room of today’s complex and challenging mortgage market and play a vital role in helping borrowers access the right solutions, which is why Beverley BS go the extra mile to support them when it comes to successfully placing even the quirkier cases.
At Complete FS we have recognised the specialist support that Beverley BS has given the intermediary market and we’re very please to add them to our residential panel of lenders from January 2022.
We recognise that intermediaries are the engine room of today’s complex and challenging mortgage market and play a vital role in helping borrowers access the right solutions, which is why Beverley BS go the extra mile to support them when it comes to successfully placing even the quirkier cases.
At Complete FS we have recognised the specialist support that Beverley BS has given the intermediary market and we’re very please to add them to our residential panel of lenders from January 2022.
- No credit scoring
- Upper lending age limit of 90 (no max for RIO)
- Minimum mortgage term is two years
- Lend on properties with an annexe
- Consider homes which have large acreages
- Inter-generational lending
Key lending points
Purchase
- Range of purchase options up to 95%
- Minimum loan size is £25k
Remortgage
- Remortgages up to 90%
- Minimum loan size is £40k
Self-employed
- Consider one year’s accounts up to 75%, where the business is in the same occupation as the applicant’s former employed profession
- Over 75%, we ask for a minimum of 3 years’ accounts or 2 years plus a projection
Unusual property
- Consider freeholds, agricultural or forestry-restricted buildings (Yorkshire & the Humber only), also lend on leasehold flats and commonhold properties
- Lend on agricultural properties and barn conversions, including homes with large acreages attached
Later-life lending
- Maximum age limit of 90 and subject to affordability. For Retirement Interest-only (RIO) mortgages, there is no age limit
Interest-only lending
- Maximum LTV of 70%, subject to borrowers having the means to repay their mortgage at the end of the term
Retirement Interest-only (RIO) lending
- Minimum eligible age for our RIO mortgages is 55, with a maximum of up to two borrowers
- Maximum RIO LTV is 60% (30% if the property is located within a retirement complex), and with a minimum property value of £125k
Family-assist
- Accept traditional guarantors, assessing them for affordability in the same way as the borrowers themselves
- Joint borrower, sole owner arrangements
Self-build
- Subject to satisfactory certification and insurance, and where the build is being undertaken by a registered builder or under the design and supervision of a suitably-qualified chartered architect or surveyor
- Staged payment advances for self-build mortgages, subject to a maximum LTV of 75%, valuation at each stage and written confirmation from the local authority that the planning permission has been activated by the building work
Mixed-use
- Semi-commercial, mixed-use properties which are a maximum of 60 per cent commercial
- Joint borrower, sole owner arrangements
Offset
- Offset Mortgage facility on all our repayment deals up to 80% LTV, as a tax-efficient way of reducing interest payable over the term by offsetting savings against the balance
New Enquiry/Case Tracking
For all your online enquiries, DIP’s, applications and case updates you can use BORIS.
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