Welcome to the Beverley Buiding Society Mortgage Intermediary Section.
REGISTER NOW! Beverley Mortgage Hub enabling you to apply Online for your clients. Its quick and easy and you can submit cases immediately.
As soon as you register you will be sent an email for you to verify your email address so please action this immediately as the link expires within 24 hours. Other wise you will have to re-register.
At Beverley Building Society, we understand the importance and increasing role intermediaries play in helping to navigate borrowers through a complex mortgage market. Which is why we are absolutely committed to going out of our way to make your job as straightforward as possible. Our new broker online system provides you with the functionality you need to submit cases efficiently and quickly, knowing that we will look at each case individually on its merits. You will also have direct access to our experienced mortgage underwriting team when you need it.
Reasons to use the Beverley Building Society:
No credit scoring
We don't rely on computers to make decisions for us
We want to say yes!
The Society can consider mortgages for people already in retirement, and an interest only payment facility is also available on our discounted 2.19% and 2.49% variable interest rates. See further details on the pdf document below or please contact us to discuss this further.
First Time Buyer and Family Assisted Mortgages
Beverley Building Society will now allow joint mortgage arrangements with sole ownership. To help first time buyers get onto the housing ladder the Society can consider loans up to 95% of the purchase price anywhere in England and Wales. Terms and conditions apply.
Self Build Mortgage
The Society can consider mortgage applications for self build projects anywhere in England and Wales. Click on our criteria document in the download section below.
The Society recognises that each mortgage application is different and should be looked at on individual merit and affordability. Sometimes income can be complicated particularly if your clients are self-employed or have income from numerous sources, so we take the time to make sensible judgements on such cases. We pride ourselves on assessing applications through sensible underwriting and a flexible approach to secure lending. Please contact us to discuss your clients needs and we will give you a quick decision.
We will consider all aspects of income including: salary, drawings, dividends, net profit and sometimes even retained profits.
In order to submit applications to the Society you will have to be listed on the Financial Services Register of Mortgage Intermediaries.
If you require an agreement in principle or a broker ESIS, please contact us with full details of the enquiry on a DiP form (see below) and email to firstname.lastname@example.org or call us on 01482 881510.
Procuration fee paid is 0.35% of the advance.
Please find below all the necessary forms you will need.
NB. An income multiplier of 4x gross (single or joint) is used as a guide only and can be exceeded or reduced in some circumstances. The assessment is primarily on affordability. All committed monthly expenses are deducted from monthly income. The residual net income would need to support a mortgage payment on our SVR + 2.00%.
- Valuation Fee Scale
- Direct Debit Mandate
- Mortgage Application Form
- Affordability Checklist
- Offset Fact Sheet
- Interest Only Declaration
- Self Build Criteria
- Later Life Lending & Interest Only
- Guide to Broker Registration
- Mortgage Hub FAQ's