We offer a variety of options to enable all individuals to save in a way that suits their specific needs, support people through every step of their journey to having a place to call home and provide adapted support to customers in challenging situations.
We provide a wide range of accounts for different types of savers.
This includes children just beginning to get into the savings habit, adults who wish to save regularly, those who want to be able to access their money at short notice or those who want to put money away for longer in return for a better interest rate.
Our six Savings Pledges reflect how we believe savings institutions should behave. They underline our commitment to ensuring we are open with savers, maintaining the availability of products, offering checks that customers’ money is in the right place and treating new and existing customers equally.
Throughout the period of low interest rates triggered by the economic downturn, we have protected savers as much as possible by putting their needs ahead of profits and maintaining our savings interest rates above the market average, in a responsible way that does not pose longer term risks to our financial sustainability.
For more information visit YBS savings.
We provide mortgages for many different types of borrowers.
This includes those trying to buy for the first time, people moving up the housing ladder, those looking to save money by re-mortgaging and those who wish to borrow more to fund changing lives and priorities.
We have mortgages available to borrowers with small and large deposits, to a maximum of 95% of a property’s value. We also offer mortgages with a variety of features to meet various customer needs, including loans with no product fees or paid-for legal costs or valuations. We believe flexibility is key to the success of our offset mortgages, which link customers' savings and mortgages to make customers better off and potentially help them to pay their mortgage off faster.
As well as the range of mortgages we offer, the way we assess applications is an equally important factor in how we deliver on our aims to support people to achieve home ownership. We have taken steps to improve the way we deal with requests for loans from particular customer groups. For example, contractors face a unique set of circumstances based on their less regular income compared to full-time employed workers. Through our Accord brand we have taken steps to factor this into the application process and piloted accepting a gap of up to eight weeks between contracts in a trading year if an applicant meets other criteria.
For more information visit YBS mortgages.
We have established a programme of training and development entitled RESPEcT based around six key elements.
While we work hard to give a great experience to all customers, there are times when we unfortunately don’t get it right first time. In these situations we have empowered our front-line colleagues to resolve problems instead of escalating them to a separate complaints team. As a result, we have seen a reduction in the number of complaints we receive, with 0.82 complaints per thousand customers. Whilst this figure makes us one of the best in the industry we will continue to work on identifying and addressing the causes of complaints to reduce this figure further.
We have refined 28 policies, processes and procedures as a result of customer and colleague feedback. An area which has benefited from our improved operations is the way we support customers seeking power of attorney or managing a loved one’s financial affairs after their death. Dealing with such issues can often add to someone’s grief so we have worked hard to improve our processes and remove complexity.
To help our customers play their part in keeping their money safe, we have shared anti-fraud guidance with thousands of customers, whilst also providing specific colleague training to ensure they are able to identify risks. We have established a specialist team to help customers who require some extra support, and if you feel that you need this support you can send us an email.