The Beverley Building Society

Founded in 1866, The Beverley Building Society has been consistently growing over the years, and now provides its services through two branches in Beverley and Pocklington and a number of local agencies throughout East Yorkshire. Its mortgage and savings products are now nationally available.

It has the following types of mortgages:

• Offset
• Standard Variable Rate
• Tracker
• Discount

Offset: your mortgage will be offset against your savings account (as long as it is with the Beverley). You only pay interest on the difference between the two so your mortgage repayments should be less. Coupled with the offset mortgage is a stepped discount offer for the first 3 years of the mortgage. After the 3 year period the mortgage rate revert to the Society's standard variable rate.

• Interest is calculated daily
• There is no completion or arrangement fee
• There is no early repayment charge

Standard Variable Rate: the Society's standard variable rate will be applied for the whole period of the mortgage.

• There is no completion or arrangement fee
• There is no early repayment charge

Tracker: this mortgage tracks the Bank of England base rate and your mortgage rate will be set according to it for a 3 year period. After the tracker period is over your rate will relapse to the Society' standard variable rate.

• There is no completion fee
• An early repayment charge for the tracker period will apply. After this you can repay up to 10% of the balance of your mortgage each year without charge

Discount: your mortgage rate is set at a discount off the standard variable rate for a period of 2 years. When the discount period has concluded your rate will go back to the Society's standard variable rate.

• A completion fee is payable
• If you want to repay the whole mortgage during the discount period then an early repayment charge will apply. However you can repay up to 10% of the balance of your mortgage each year without charge

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