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.

0800 138 2402*

9am - 5pm Mon-Fri 9am - 1pm Sat

You can also see how we can help, on: Trouble paying your mortgage

If you need any support accessing our information we can provide information in other formats and through other channels.

Further help and support if you’re struggling

  • The Money Advice Trust can offer guidance on dealing with day to day budgeting and advice on how to manage unsecured debts. Call them on:
    0808 808 4000
  • MoneyHelper Coronavirus Support page has useful information including information around debt, recovery action plans, redundancy, bereavement and more.

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.

Update to our lending policies

 

Maximum loan to value changes

We can now offer mortgages on the following:

  • 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