What Was Your New Year’s Resolution?

If your New Year’s resolution was to assess your finances then why not start with one of your biggest monthly commitments – your mortgage.

Switching your mortgage can often be costly with high fees reducing the attractiveness of a seemingly good deal. Financial information firm MoneyFacts estimate that the average cost for switching an existing mortgage from one lender to another is over £1,500 which can be made up of a hefty arrangement fee, a valuation fee and legal fees.

The Beverley Building Society has made the process much less costly; infact switching your mortgage to the Society is completely free.

What’s more, the Fee Free offer applies to all of the Society’s mortgage products for switchers wanting to borrow up to 80% of the value of their property.

Graham Carter, Head of Lending at the Beverley Building Society said:

“Many people looking to remortgage are enticed by a low headline rate and it is not until you look further into the deal that you start to see the fees adding up and the low rate becoming less attractive. At the Beverley we offer discount mortgage rates for either two or three years. All of our products are easy to understand with no hidden charges”

In a move to support the housing market and encourage younger membership, the Society has also reduced its First Time Buyer mortgage rate to help those with a 10% deposit onto the property ladder.

For more information on the Fee Free Remortgage offer or any other of the Society’s products you can call one of the team on 01482 881510 or visit Beverleybs.co.uk.