Beverley Building Society widens lending reach with new online hub

By Hull Daily Mail | Posted: 31 Jan 2019

Beverley Building Society is branching out and widening its lending reach to house-buyers.

It has launched its Beverley Mortgage Hub, allowing national mortgage intermediaries to complete applications online.

Graham Carter, head of lending, said: "In a world where many of the bigger players are making automated lending decisions, we continue to underwrite every application personally, and take a pragmatic view of each borrower’s individual circumstances in order to say ‘yes’ wherever we can.

“We’re very aware of the vital role intermediaries play in today’s, more complex mortgage market, and have therefore developed this system to help them, help us, offer mortgages to more people.

 “We’ve spent the past 18 months painstakingly researching what’s out there in the market already and talking to our brokers, to identify what works best and what’s not so useful, in order to build the best possible features into our system."

Read more: New boss at Beverley Building Society to help first-time buyers get 95% mortgages

Beverley Building Society provides mortgages to all types of borrowers and specialises in later-life loans for people approaching or in retirement, mortgages for self-employed people, family assist lending and funding self-build projects.

Founded in 1866, it is the Humber region's only independent building society and provides a range of savings and mortgage products. Latest figures showed it made a pre-tax profit of £680,000 in 2017, with £149.3 million in mortgage loans, representing 38.4 per cent of the value of the properties. It held savings of £172.6 million. 

Read more: Beverley branch of Patisserie Valerie closes

Mr Carter added. "One of the main things we’ve done is to make our online application form as simple and quick to complete as possible, by focusing on plain English and removing any unnecessary detail. We only ask for the information we really need to underwrite each case. This is because we understand that time is precious for our introducers, and the Beverley Mortgage Hub is the latest development in our ongoing quest to continually improve the service we offer.”

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