As the Yorkshire Building Society is a mutual organisation, we want to protect our members from any disruption to our business caused by opportunists or speculators. That's why we actively discourage financial speculation through the Society's Charitable Assignment scheme.
All new members when opening a savings account or applying for a mortgage must enter into an agreement to join the scheme. This means that for five years from the date when the account is opened or mortgage is completed, you agree to assign any windfall conversion benefits you may become entitled to over to the Yorkshire Building Society Charitable Foundation. After the five years you will be entitled to any windfall conversion benefits that you may become entitled to.
If you were a member on April 8th 1998 and have continued to be a member since then, you are not affected by this scheme and you may open new accounts without signing the agreement.
If you'd like more information, just contact your nearest branch or call us on 0345 1200 100*
We reserve the right to make special arrangements for certain people where it is appropriate to do so
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