TermRateReverting to SVR** for the remainder of the term, currentlyAPRC - The overall cost for comparison isMaximum loan to value (Variable)Fees
Interest-only2 Years4.94%7.79%
Follows SVR with discount of 2.85% (which will not go below a floor rate of 2.50%)

Your home may be repossessed if you do not keep up repayments on your mortgage

Repayment method Interest Only
Minimum loan £25,000 (P) £40,000 (R)
Minimum property value £175,000
Minimum equity £150,000 (this may need to be higher subject to location)
Maximum term: 40 years
Subject to personal circumstances meeting Lending Policy
Only available on properties in England and Wales
The APRC will depend on your individual circumstances

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.

A Interest Only mortgage of £100,000 secured by a first charge on your main residential property, payable over 25 years initially on a discounted variable rate of 4.94% for 2 years and then on our Standard Variable Rate (SVR) of 7.79% (variable) for the remaining 23 years would require 24 monthly payments of £411.77 and 276 monthly payments of £49.33. The total amount payable would be £289,665.06 made up of the loan amount plus interest (£189,665.06) including deeds sealing and dispatch fees of £200, valuation fee £225 and money transfer fee £25.

The overall cost for comparison is 7.6% 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

Visit branch

Pop into our branch for a word with a member of our friendly team

Find us

Call us

To speak to a member of our friendly team about your requirements

01482 881510

Arrange a callback

And a member of the team will get back to you as soon as possible

Start now
Skip to content