4 steps to your new home

Number 1

Get a Decision in Principle (DIP)

Get a Decision in Principle (DIP) to find out how much you could borrow. 

You may need a DIP to make an offer on a home. 
Number 2

Apply for a mortgage

Complete a full application online or over the phone.
Number 3

Get your mortgage offer

We’ll value your home and check your credit history. Then we’ll be in touch within 15 working days.
Number 4

Complete

Once the legal work is complete, you’ll exchange contracts and set a completion date.

This is when you’ll get the keys to your new home.

 

Get a Decision in Principle

Apply over the phone if:
Your deposit is less than 10%.
You want to apply for an interest only mortgage.
You’ll still be paying your mortgage after you’ve retired.

Online

Instant decision
Valid for 90 days
Doesn't affect your credit score
If you’re happy to continue without any advice, you can apply online.

Over the phone

Talk to our mortgage specialists.
9am to 5pm Monday to Friday
9am to 1pm Saturday
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.

Discover the benefits of being a YBS member

As a building society, we’re run differently from a bank. We don’t have shareholders to satisfy - we’re here for the benefit of our members.
Access to exclusive savings accounts for YBS members.
If you’re eligible, you can vote on key decisions at our Annual General Meeting. This includes electing the directors who run the Society on your behalf.
We’re committed to making a real change to the community. Our Small Change Big Difference scheme means you can choose to donate the pence interest on your account.
Family on sofa

How to apply for your mortgage

There are two ways you can apply for a mortgage with Yorkshire Building Society:

  • Without advice ('execution only') - online.
  • With advice over the phone.

Getting a Decision in Principle online without advice

If you apply for a Decision in Principle online, this is known as an 'execution only' application. It’s designed for those customers who have a good understanding of the mortgage application process and have identified the product they want to apply for.

It does mean that you won't be eligible to receive advice on your mortgage application.  But if you change your mind and decide you would like some advice once you’ve started your application, you can swap how you apply for your mortgage from online to over the phone.

Before applying for your mortgage online, you must be aware of the following:

  • The product you wish to apply for including the interest rate and term of it.
  • Interest rate type e.g. fixed, or variable.
  • The early repayment charges associated with the product.
  • The price or value of the property you are looking to purchase.
  • The amount you want to borrow.
  • The length of term required.

If you choose a mortgage without advice (execution only)

  • You should be comfortable choosing the right mortgage without our advice.
  • We won’t advise if the mortgage you select is the right choice for your needs, which means that you’ll be giving up the benefits of Financial Conduct Authority protection on mortgage suitability.
  • We will still assess whether you can afford the mortgage.

If you are unsure about any of the above, a mortgage application with advice may be more suitable for you.
 

Benefits of receiving mortgage advice

A mortgage is likely to be the largest financial commitment you make in your life, therefore you may benefit from speaking to one of our mortgage advisers over the phone.

A mortgage adviser will be able to review your incomings and outgoings and make a suitable mortgage term and product recommendation to suit your individual needs.

An adviser will be able to provide guidance on the following, amongst other points depending on your circumstances and needs:

  • Mortgage term.
  • The interest rate on your chosen mortgage deal vs the product fee you may have to pay for selected deals where the interest rate is lower.
  • The affordability of the loan.
  • If a fixed or variable rate would best suit your circumstance.