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Do more with your mortgage

Here at Yorkshire Building Society we understand that your situation can change which means you might want to make changes to your mortgage. Whether you’re planning for your future or there’s been a change in your circumstances, our helpful mortgage advisors can support you with any questions you may have.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Can I borrow more on my mortgage?

If you choose to extend your mortgage term, your monthly payment may reduce, but you’ll pay more interest in the long run. Similarly, shortening your mortgage term will see you pay more of your mortgage off per month, and less interest overall.

You can check your eligibility and find out more about the deals we offer for additional lending in our Mortgages section.

Borrowing More

Can I add or remove someone from my mortgage?

If you’re coming out of a joint mortgage with someone, or want to add someone new to your existing account, you don’t need to worry. This is known as a ‘Transfer of Equity’ – which relates to the change of legal ownership of the property. There’s a one-off fee for completing these changes, but rest assured we’ll be able to guide you through the whole process.

If you’re going your separate ways and want to sell your home or one party is wanting to buy the other out and stay in the property, we can also help you with next steps on this. If you have any questions, don’t hesitate to get in touch.

Can I transfer my mortgage to another house?

Taking the next step on the property ladder is an exciting time and, as a valued customer of Yorkshire Building Society, we’ve made it easy for you to transfer your current mortgage over to your new home. It’s worth being aware that you’ll need to pay off your existing mortgage as part of the transfer and Early Repayment Charges may apply. If this is the case, we’ll refund some or all of the fees once your new mortgage is in place.

If you’re planning on making room for a new addition to the family, or are downsizing to enjoy the next stage of your life, we can help. Find out more about moving house with a Yorkshire Building Society mortgage.

Get more information

If you can’t find the answers you’re looking for online, look up your nearest Yorkshire Building Society branch or agency with our branch finder, or give us a call.