| Rate | Where discounted, reverting to SVR* for the remainder of the term, currently | APRC - The overall cost for comparison is | Fees | Maximum loan to value |
| 5.00% Variable |
7.34% |
5.2% | None | 60% |
Your home may be repossessed if you do not keep up repayments on your mortgage
Repayment method Interest only
Minimum loan £45,000
Minimum property value £125,000
Maximum term NONE – illustration term agreed with borrower. Minimum term 3 years.
Subject to personal circumstances meeting Lending Policy
Minimum age 55
Only available on properties in England and Wales
The APRC will depend on your individual circumstances
Overpayments are allowed and early repayment charges do not apply.
A RIO mortgage of £100,025 secured by a first charge on your main residential property on a discounted variable rate of 5.00%, which is subject to our Standard Variable Rate (SVR) of 7.34% for the term of the mortgage. The total amount payable would be £225,663.50. made up of the loan amount plus interest (£125,638.50) including deeds sealing and dispatch fees of £200.
The overall cost for comparison is 5.2% APRC representative.
The actual rate available will depend upon your circumstances. To find out more or request a personalised illustration please see contact details below.
Please note: the quoted discount payment rate will not go below a floor rate of 2.50% during the discounted period.
Tel: 01482 881510
Email: mortgages@beverleybs.co.uk
Generic mortgage information
At the end of the discounted period, we can offer you a transfer to a new scheme.
Free standard valuation and free legal fees for switching your existing mortgage to us for loans up to 80% LTV, excluding Buy-To-Let Remortgages.
If you prefer, as an alternative, we can offer a £500 cashback and you are free to choose your own solicitor.
Interest is calculated daily. A European Standards Information Sheet (ESIS) illustration is available on request.
If the account falls into arrears the Society may revert the account to the SVR.
EARLY REPAYMENT CHARGE Overpayment of 10% of the mortgage can be repaid each year during the discount period. If an overpayment of more than this amount takes place a 2.00% early repayment charge will be applied.
MAXIMUM LOAN of £1.1M up to 65% LTV | MAXIMUM LOAN of £750,000 up to 65-80% LTV | MAXIMUM LOAN of £500,000 up to 80-90% LTV | MAXIMUM LOAN of £400,000 up to 90-95% LTV
MAXIMUM TERM 40 years | MINIMUM TERM 2 years | MINIMUM AGE 18 years* (*excludes Buy-to-Let)
LTV = Loan to value | SVR = Standard variable rate
APRC = The annual percentage rate charge (APRC) is the total cost of the loan expressed as an annual percentage. The APRC is provided to help you compare different products.
