Moving your mortgage from another lender

This section is for borrowers who currently have a mortgage with another lender, and want to switch to Yorkshire Building Society.
 

Why choose a mortgage with us?

Because we're a mutual organisation - owned by our members - we focus our efforts on offering you great value mortgages and service, and not on paying dividends to outside shareholders. This has helped us to win a long list of awards.

Where do I start?

• Redeeming your existing mortgage
  It's always a good start to understand the process of paying back your existing mortgage. Some mortgages have what's known as an 'early repayment period', where an early repayment charge is payable for redemption before the early repayment period is completed. To find out the redemption status of your mortgage, contact your lender and ask them to send you a Redemption Statement. This shows the cost that you would have to pay to clear your mortgage.
• Choosing a new mortgage
  Depending on when you last took out a mortgage, you may have noticed that a few things have changed in recent years. Apart from the standard variable and fixed rate type of mortgage, several others are now common including loans with flexible payment features and links to bank accounts. For an overview of the mortgages we offer, see our Mortgage types section. If you want to see the deals we currently have available in more detail, visit Current products.

How much can I borrow?

Once you're clear on the status of your existing mortgage, you need to decide how much you want to borrow. To help work this out, you can use our Borrowing Calculator. This can work out your borrowing capacity including joint applications if you're buying with someone else, plus additional factors such as overtime and bonuses.

Costs

Obviously the cost of your mortgage is a major consideration. Why not compare our mortgage rates with those of other lenders by getting a Key Facts Illustration? For a mortgage cost only estimate, you'll need our Cost Calculator or our offset Demonstrator.

Next steps

Our Types of mortgage section has lots of background information if you need it, and if you'd like any further help please don't hesitate to contact us.

Finally, if you know the mortgage you want, why not Apply online. Our online application process is split into 2 sections, and you could receive an initial Approval in Principle in around 10 minutes.