Beverley cuts rates by up to 40 basis points | Mortgage Strategy

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Beverley Building Society has made several rate cuts to its purchase and remortgage range, including a cut of 36 basis points on its 95% LTV product.

Specifically, the 95% LTV two-year fix, brought to the market in May, now has a rate of 3.49%.

Elsewhere in the lender’s purchase range, the 65% LTV three-year discount has been cut by 40 basis points, bringing its initial rate to 1.99% and the 80% LTV three-year discount has received a 34 basis point cut, now 2.15%.

Additionally, the two-year variable rate deal at 1.82% has had its maximum LTV upped from 75% LTV to 80% LTV.

In the remortgage range, the 65% LTV three-year discount has been cut by 14 basis points to 2.25%, while the two- and three-year discounts at 2.19% and 2.49% have had their LTV upped to 80% LTV, as has the two-year variable rate deal at 1.82%.

Beverly head of mortgages Graham Carter says: “Our flexible and individual approach to underwriting means we can make our simple range of fixed and discounted-rate products available to a wide range of borrowers, including the self-employed, people borrowing in later life and families looking to collaborate on a purchase.”


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