In providing your mortgage, one of our aims is to try to give you as much flexibility as possible with regard to your mortgage payment arrangements.
Providing special mortgage products, such as fixed, tracker, discounted and capped mortgages, does, however, involve us in putting in place special funding arrangements to support these products. Often we are locked into such arrangements, regardless of the actions of borrowers and changes in prevailing interest rates.
This combination of funding arrangements and our inability to vary these is the main reason Early Repayment Charges are normally applied. As a result, Early Repayment Charges may apply, depending on the product chosen, in the event of:
The period during which an Early Repayment Charge could be made is known as an Early Repayment Charge period. Any Early Repayment Charges and the period that they apply to your mortgage will be detailed in your Key Facts Illustration and your mortgage offer.
Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.
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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).
