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Product code: {{p['New Code']}}

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with an initial rate of

{{p['Interest Rate 1']}}

variable (BoE Base rate + {{p['Rate 1 BOE loading']}}) variable (YBS Standard Variable Rate {{p['Rate 1 BOE loading']}}) fixed until {{p['Rate 1 End Date']}}.

the overall cost for comparison is

{{p['APRC']}} APRC

Mortgage details

Interest rate {{p['Interest Rate 1']}} variable (BoE Base rate + {{p['Rate 1 BOE loading']}}) variable (YBS Standard Variable Rate {{p['Rate 1 BOE loading']}}) fixed until {{p['Rate 1 End Date']}}

This is a {{p['Term']}} year variable mortgage with a discount of {{p['Rate 1 BOE loading'] | removeFirstCharacter:p}} from our Standard Variable Rate.

Interest rate collar

A minimum interest rate collar of 0.00% applies. This means the minimum interest rate charged during the discount period will not fall below 0.00%.

The overall cost for comparison {{p['APRC']}} APRC
Equivalent savings rate
  • {{p['Zero Rate Tax Payer']}} zero rate taxpayer
  • {{p['Basic Rate Tax Payer']}} basic rate taxpayer
  • {{p['Higher Rate Tax Payer']}} higher rate taxpayer
  • {{p['Additional Rate Tax Payer']}} additional rate taxpayer
Maximum Loan to Value (LTV)

{{p['Max LTV']}}%

Loan size

{{p['Min Loan Policy'] | currency:'£': 0}} - {{p['Max Loan Policy'] | currency:'£': 0}}

Additional Features
  • Free valuation
  • Free legals
  • {{p['Cashback'] | currency:'£': 0}} cashback

None

Fees

Product fee: {{p['Comp Fee'] | currency:'£': 0}}
Payable on application and payment must be cleared before we can issue your mortgage offer. Alternatively, you can ask for the fee to be added to your loan which will increase both the amount you borrow and your monthly payments.

Product fee: None

Mortgage Application Processing fee: {{p['Processing Fee Amount Payable'] | currency:'£': 0}}
Payable on application and non-refundable, this fee is charged to cover costs incurred processing an application.

Mortgage Application Processing fee: None

Mortgage fee:
£90 Payable on mortgage redemption.

Higher lending charge: None

Early Repayment Charge
  • {{p['ERC rank 1']}}
  • {{p['ERC rank 2']}}
  • {{p['ERC rank 3']}}
  • {{p['ERC rank 4']}}
  • {{p['ERC rank 5']}}
  • {{p['ERC rank 6']}}
  • {{p['ERC rank 7']}}
  • {{p['ERC rank 8']}}
  • {{p['ERC rank 9']}}
  • {{p['ERC rank 10']}}

If the product is repaid or transferred, in full or in part, an Early Repayment Charge is payable as described above.

Overpayment Allowance Overpayments (monthly or lump sum) up to a total of {{p['Overpay']}} of the outstanding loan per year are allowed without charge. Any amount repaid over the {{p['Overpay']}} limit will incur an Early Repayment Charge, of the percentage specified above, on the excess amount. Overpayments (monthly or lump sum) up to a total of {{p['Overpay']}} of the outstanding loan per year are allowed without charge. Any amount repaid over the {{p['Overpay']}} limit will incur an Early Repayment Charge. The Early Repayment Charge is calculated at the percentage rate applicable for the year in which the repayment or transfer occurs, see above. The Early Repayment Charge is based on the amount you originally borrowed and so disregards any payments (including usual monthly payments) you make which may have reduced the total amount borrowed.
Representative Example

Based on an assumed completion date of {{p['Completion Date']}}, a mortgage of {{p['Average Advance'] | currency:'£': 2}} payable over {{p['Mortgage Term Years']}} years, initially on our {{p['Interest Rate 1']}} variable (BoE Base rate + {{p['Rate 1 BOE loading']}}) variable (YBS Standard Variable Rate {{p['Rate 1 BOE loading']}}) fixed until {{p['Rate 1 End Date']}}, followed by our Standard Variable Rate currently {{p['SVR']}} for the remaining {{p['Remaining Term Years']}} years, would require {{p['Number of Fixed Rate Payments']}} monthly payments of {{p['Fixed Rate Repayment Amount'] | currency:'£': 2}} and {{p['Number of SVR Payments']}} monthly payments of {{p['SVR Repayment Amount'] | currency:'£': 2}}.

The total amount payable would be {{p['Total Amount Payable'] | currency:'£': 2}} made up of the loan amount plus interest of {{p['Total Interest Payable'] | currency:'£': 2}}, and a product fee of {{p['Comp Fee'] | currency:'£': 0}}, and a mortgage application processing fee of {{p['Processing Fee Amount Payable'] | currency:'£': 0}} and a standard valuation fee of {{p['Valuation Fee Amount Payable'] | currency:'£': 0}}.

The overall cost for comparison is {{p['APRC']}} APRC.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Available for
  • Moving Home
  • Remortgaging
  • First Time Buyers
Product code {{p['New Code']}}
Application channels (sign-off only) {{p['Channels Shown']}}

 

Please note

  • Our mortgages have limited availability and may be withdrawn at any time.
  • All new mortgages can only be set up on a repayment (Capital & Interest) basis. We do not currently lend on an interest-only repayment basis.
  • You cannot take a combination of Offset and non-Offset products.
    You'll need to choose your main mortgage benefit from our 3 Offset options (1031 KB). Early repayment charges may apply depending on the product chosen.
  • Tracker mortgages track the Bank of England Base Rate. If the Bank of England Base Rate falls, the interest rate charged on your loan will fall by the same amount until it reaches the minimum rate for your product. If the Base Rate rises, the interest rate you pay will rise by the same amount and at times it may be higher than our Standard Variable Rate. Early repayment charges will apply before the end of the special rate period.
  • Discounted SVR mortgages follow the Yorkshire Building Society Standard Variable Rate. If the Yorkshire Building Society Standard Variable Rate falls, the interest charged on your loan will fall by the same amount until it reaches the interest collar on your product. If the Standard Variable Rate rises, the interest rate you pay will rise by the same amount.
  • The Yorkshire Building Society Standard Variable Rate can be increased or decreased at any time.
  • The YBS Standard Variable Rate is set independently to the Bank of England (BoE) Base Rate and therefore will not necessarily move in alignment to the BoE Base Rate, this could be at your advantage or disadvantage.
  • Early Repayment Charges will apply before the end of the discounted rate period.

Free Legal Service

Depending on the remortgage product you have chosen, we will pay the legal costs (as agreed with Optima Legal) to act on behalf of the Society in connection with your remortgage. These costs are limited to a straightforward case but apply whether the title to your property is freehold (heritable in Scotland) or leasehold. Our payment does not necessarily include all costs associated with your application, there may be additional costs such as:

  • Costs of first registration (in England, Wales and Northern Ireland) if necessary.
  • Costs such as those arising on transfer of title, postponement/discharge of charges, costs of notice to landlord when property is leasehold, insurance to cover defects in title and any costs charged by any legal adviser instructed by you.

Please note that Optima Legal will make a charge of £35 plus VAT for sending the redemption monies to the existing lender.

Any work where the subsequent cost is not directly related to moving your mortgage to the Society will be payable by you to the Society's legal service provider. Optima Legal only acts for the Society. If you require any legal services, you will need to appoint your own legal adviser.

If you use this service and your mortgage does not complete then any reasonable costs or fees which Optima Legal has incurred will be payable by you.

Following your application, in some circumstances Optima Legal will be unable to accept the instruction from us because of the complexity of the work involved with the application. In such circumstances you no longer qualify for a free remortgage package product and must choose an alternative product.

The free remortgage legal service only applies for applications made directly to the Society, and is not available for applications made via an intermediary or other third party.

Please note that for properties in Northern Ireland the above Free Legal Service is provided by Wilson Nesbitt.

How to apply

Step 1 - Get a lending decision

Before you can apply for this mortgage, your first step is to get an approved lending decision.
An Approval in Principle (AIP) will give you what you need to move to the next step - Full Mortgage Application.

Get a lending decision in just 10 minutes

It takes just 10 minutes

Simply provide us with your details and in just 10 minutes we’ll tell you whether we can lend to you and how much.

It lasts for 30 days

It lasts for 30 days

An Approval in Principle (AIP) is valid for 30 days. You can continue and submit your full application straight away or save your AIP and complete it later.

It's FREE!

It's FREE!

You will not be charged for getting a lending decision. However, fees apply to a full mortgage application. You’ll be given a breakdown of these prior to submitting an application.

 

 

Apply for this mortgage

Before you apply

Please read the Representative Example for this mortgage. This illustrates the amount you could repay.

In branch

If you need advice as to the suitability of any of our mortgage products or have any questions regarding the application process you can request an appointment to speak to a mortgage advisor in one of our branches.

By phone

Speak to one of our friendly advisers about this mortgage.

New customers

0345 166 9510*

Existing customers

0345 166 9243*

  • 8.00am - 8.00pm, Mon-Fri
  • 9.00am - 1.00pm, Sat

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You can call us to talk about this mortgage if you need additional support before proceeding with your mortgage application.

0345 166 9510*