Published 3 October 2014 · Last reviewed 1 May 2026
Beverley Building Society Self Build Mortgage 2 year discount rate
The Beverley Building Society Self Build 2 year discount rate certainly catches the eye. Most lenders shy away from self build as they are concerned that poorly budgeted projects can leave them high and dry on their collateral for the loan. The product is restricted to HU and YO postcode areas only. The Society is fully independent and of course a mutual.
Initial Rate: 1.75% Subsequent:4.75% The overall cost for comparison is 4.4%
APR The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
- Features: Includes a 3% discount for 2 years. The product is restricted to HU and YO postcode areas only.
- Minimum deposit / equity: 35%
- Valuation fee: £285
- Other main lender fees: Arrangement fee £995
- Early repayment charges: 2% of the amount redeemed in the first 2 y
ears
MY PRODUCT COMMENTS: It is a truly fantastic rate. Personally for self build I look for a ‘specialist’ provider in the area rather than one that includes the facility loosely in their lending policy.
MY LENDER COMMENTS: In all honesty I have never used Beverley Building Society. Their income multiples of 3.5 single or 2.75 joint might be workable on self build mortgages but are very low for the mainstream mortgage market. In my experience products with fixed rates or no early repayment charges suit the self build borrower profile type better.
For more information on our range of Self Build Mortgage products please complete the enquiry form on this page or call us on 020 7993 2044.
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Your Home is at Risk if you do not keep up with your mortgage repayments.