Yorkshire Building Society has branches all over the UK, and also offers full online banking facilities and telephone support.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
If you are looking for a mortgage, an appealing option for many people is to go with a building society. Building societies, being mutualised, are structured to use their profits both to invest in a way that keeps them secure and stable, and to benefit their customers.
Building societies also tend to have a reputation for a friendly and more personal service than major banks, and this personal touch can be important when you are considering something as important as your mortgage.
Of course, the backing of a larger organisation can also be an appealing factor when choosing a mortgage provider. As the UK's largest building society, Yorkshire Building Society can offer many of the benefits of a bank, such as lots of branches and financial security, as well as the advantages of dealing with a building society.
Founded in 1864, the Yorkshire Building Society has a long history of providing financial services and mortgages. Today, they offer a wide range of mortgage products, as well as tax-free and instant-access savings accounts, life insurance, and financial advice.
The Yorkshire Building Society Group also includes other financial services brands including Chelsea Building Society, Norwich and Peterborough Building Society and Egg Banking.
Yorkshire Building Society's range of mortgages includes fixed rate, offset and tracker mortgages, meaning that whatever your preference in terms of how your interest is worked out, they will have a package to fit.
With a fixed rate mortgage your interest rates are fixed for a period of two years. Tracker mortgages change the rate of interest according to Bank of England baselines. An offset mortgage is an alternative where you can offset your mortgage against savings and pay interest only on the balance remaining.
These options are all suitable for different people and so it is best to research, do some calculations and choose carefully which is best for you.
Yorkshire Building Society also offers 95% mortgages to those who qualify, which can be a very good option for first time buyers who are trying to raise a deposit to buy a home and get on the property ladder. While a 95% mortgage will always mean higher repayments as the mortgage value will be higher, it can also allow you to start considering buying a home without years of saving.
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