Coronavirus - taking a mortgage payment holiday | YBS
Coronavirus – Mortgage information
Mortgage payment holidays
Mortgage payment holidays (deferral) were available from the start of the pandemic (for a maximum of 6 months). The deadline for a new payment holiday application ended on the 31st March 2021, and any existing payment holiday arrangement ended on the 31st July 2021. If after ending your payment holiday you are still having difficulty making your next payment, please call us to discuss your options.
If you’re purchasing a new property the maximum loan-to-value (LTV) is 95%
If you’re re-mortgaging your property the maximum LTV is 90% LTV or less
New Build purchases up to a maximum of 85% LTV
Switching your existing Yorkshire Building Society mortgage
If you’ve been financially affected by coronavirus and have taken a mortgage payment holiday or received furloughed income, don’t worry. Providing your account wasn’t in arrears prior to the holiday and you meet our usual criteria, you’ll still be able to switch your mortgage deal with us when your existing deal is coming to an end.
Early Repayment Charges apply and other fees and charges may apply.