Providing you with attractive mortgages is an important part of our service promise. These are the features on all our mortgages:
This is where interest is charged on the balance outstanding at the end of each day. An immediate benefit is gained from any payments of capital but interest is compounded daily. This means that if you miss or are late with payments, more interest will be charged.
With some - but not all - of our mortgage products, if you repay (redeem) your loan in full, repay in excess of any overpayment limits, or transfer (in full or part) to a different product or to our Standard Variable Rate, we will require payment of an early repayment charge.
The early repayment charge on these products will be calculated at the rate applicable for the year in which the repayment of the mortgage, repayment in excess of any overpayment limit, or transfer occurs.
The basis of the early repayment charge can vary depending on the product chosen, and will be based on either the amount repaid/transferred or the amount originally borrowed. If the early repayment charge is based on the total amount you borrow, this will disregard any payments (including usual monthly payments) you make during any fixed, capped, discounted or tracker rate period which may reduce the total amount borrowed. Please refer to the specific product for details of how the early repayment charge is calculated.
For repayment in excess of any overpayment limit the early repayment charge will be calculated on the amount paid over the limit.
Some of our products are portable so that if you move house within the fixed, capped, discounted or tracker rate period and keep the same amount of loan with us on the same product we will pay back the early repayment charges you incur for repaying your loan early. This refund is subject to conditions as will be explained in any mortgage offer issued to you.
The early repayment charge that you will have to pay depends upon the product you choose and the size of your mortgage. Details of the mortgages that have early repayment charges and the level of the charge is detailed in our current mortgage range section.
Applications subject to standard lending criteria and all loans subject to status.
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, credit cards, loans, mortgages and more.
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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).
