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Beverley Building Society is a regional financial institution offering a variety of mortgage and savings products. They focus on providing personalized services to meet the needs of their members.

Beverley Building Society Equity Release Plans

Retirement Interest Only (RIO) Mortgages: Beverley Building Society offers RIO mortgages, enabling homeowners aged 55 and over to release equity from their property while making interest-only payments. The principal loan is repaid upon the sale of the property.

Key Features

  • Tax-Free Cash: Access funds without selling your home.
  • Interest-Only Payments: Make monthly interest payments to manage costs.
  • Fixed Interest Rates: Predictable costs with fixed interest rates.
  • Retain Homeownership: Continue living in your home.

Benefits of RIO Mortgages

  • Flexible Use of Funds: Utilize the cash for various needs such as home improvements or debt repayment.
  • Stay in Your Home: Maintain the right to live in your home.
  • Portability: Transfer the mortgage to a new property if it meets the lender's criteria.

Professional Advice

Seeking professional advice is essential when considering equity release. An adviser can provide personalized recommendations based on your financial situation and retirement goals. They help you understand the pros and cons of different options and make informed decisions about your equity release strategy.

Next Steps

Choosing the right equity release plan is crucial for securing your financial future in retirement. Getting expert advice can help you make the most of your home's value. By understanding your specific needs and circumstances, an adviser can guide you through the process and help you optimize your financial strategy.

Interested in learning more about equity release and how to maximize its benefits? Speak to a knowledgeable adviser who can provide personalized advice and support.

Get Expert Beverley Building Society Equity Release Advice Now

Sources

Why Use Us?

Unbiased & Impartial - We search every equity release lender in the UK. We're an independent website with no affiliation to any equity release lender and therefore we don't promote any "special offers" from specific lenders.

Whole of Market - We search the whole of the equity release market including exclusive quotes and rates sometimes available to equity release brokers.

How It Works

  1. Complete our simple form
  2. Our partner, Unbiased, will connect you with one equity release adviser perfectly suited to meet your needs. Expect an email with their details.
  3. You'll receive a no-obligation equity release quote
  4. Your assigned broker will then contact you to schedule your first meeting.

What People Say

"He has kept me posted every step of the way and explained everything fully. There were no hidden costs. I would definitely recommend and will not hesitate to use them in the future"


"Very satisfied with the service received ! The advisor was excellent handling our equity release and was very helpful with all questions we had and changing our term twice! Thanks again!"

What do we search?

149

Lenders

55

Available from age

6.05%*

Deals from

30

Seconds to Quote

*Example rate shown is from Hodge with a rate of 6.05% (12/09/2023). The rates shown are for illustrative purposes only, they should not be taken as any form of advice or recommendation. Actual mortgage quotes are based on individual circumstances.

  1. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.