News Tag: Yorkshire Building Society
January 27, 2010
It emerged in December that Yorkshire Building Society and Chelsea Building Society were in advanced merger talks and the deal is moving a step closer after YBS members voted in favour of the merger.
Around 87% of savers and 85% of borrowers voted in favour of the merger, which members of the Chelsea have already approved.
The merger, ...
Yorkshire and Chelsea members vote in favour of merger
by Kay Murchie
December 23, 2009
Yorkshire Building Society is responding to the end of the stamp duty holiday by increasing the cashback offer on its first-time buyer mortgages.
From 1st January 2010 the threshold for the tax reverts to £125,000 (from the current £175,000) and to compensate, the lender is returning 1% of the total loan, rather than a set £500.
The enhanced offer applies to a ...
Yorkshire BS raises cashback for first-time buyers
by Gill Montia
December 2, 2009
It emerged yesterday that Yorkshire Building Society and Chelsea Building Society were in advanced merger talks but today the Yorkshire has revealed that a tie-up would lead to a number of job losses and a £200 million write-down on Chelsea's bad debts.
"The merger will lead to a number of job losses," the two societies warned. “Redundancies will only ...
Yorkshire and Chelsea merger leads to job losses
by Kay Murchie
Branch closures expected at Norwich & Peterborough Building Society
by Kay Murchie
December 1, 2009
It has been reported that the Yorkshire Building Society is in talks with the Chelsea Building Society about a possible merger.
Should a deal prove to be successful between the Yorkshire and Chelsea, it would create an institution with over 2 million customers and assets of around £38 billion.
The deal will be the biggest merger in the building society sector ...
Yorkshire and Chelsea building societies in merger talks
by Kay Murchie
September 24, 2009
The extra interest earned by savers who shop around for the best deal on a fixed-rate bond could pay for an all-inclusive Mediterranean Cruise for two, Yorkshire Building Society (YBS) said this week.
"Just by spending a few minutes shopping around when buying a bond can make a big difference to savers' returns," said Sarah Lawrence, YBS savings manager.
Savers investing £20,000 ...
Fund a cruise with interest from savings
by David Masters
September 18, 2009
Yorkshire Building Society has launched a new five-year fixed-rate savings bond paying interest at 5.3% gross/AER.
The building society also launched a three-year bond paying a fixed-rate of 4.65% gross/AER.
Both bonds require a minimum investment of £100 and can be opened in branch, over the telephone, or online.
Financial advice site Moneyfacts.co.uk said the bonds are both "amongst the market leaders in their ...
Yorkshire Building Society launches 5.3% bond
by David Masters
August 20, 2009
Cash Child Trust Funds offer better returns than stakeholder CTFs, a financial expert claimed this week.
Chris Edwards, head of savings and mortgages at Yorkshire Building Society, said the number of people opting for a cash CTF has soared in recent months.
"We're not surprised by our new figures which show an increase in [cash CTF] take-up, as recent research has found ...
Cash Child Trust Funds offer best returns
by David Masters
June 25, 2009
Yorkshire Building Society (YBS) this week launched a new range of fixed-rate eBonds aimed at customers "looking to maximise the returns they receive on their savings."
Available for two, three, or four years, the bonds pay a fixed rate of up to 4.5% gross/AER and require a minimum investment of £100.
The two-year eBond pays interest at 3.5% per annum, whilst the four-year eBond pays ...
Yorkshire launches fixed-rate eBonds
by David Masters
May 26, 2009
An innovative offset mortgage available from the Yorkshire Building Society is proving popular with parents who want to give a helping hand to their offspring.
Yorkshire's Offset Plus home loan allows two friends or family members to link their savings accounts to a borrower's offset mortgage.
No interest is paid to the savers, but the mortgage holder benefits from reduced monthly interest ...
Parents help offspring with Yorkshire’s Offset Plus
by David Masters
March 2, 2009
Yorkshire Building Society has reduced the costs of its fixed-rate mortgages with 60% and 75% loan-to-value (LTV) ratios.
A two-year fixed-rate home loan at 60% LTV is now available from 3.69% with a fee of £495.
The deal is being offered to house purchasers and remortgagers and includes a free standard valuation and a free legal service; house purchasers can choose £250 cash-back instead.
Turning to ...
Yorkshire reduces fixed-rates
by Gill Montia
January 29, 2009
Yorkshire Building Society (YBS) has expanded the number of products it offers in conjunction with Credit Suisse by launching a number of new guaranteed investment accounts (GIAs).
According to YBS, the accounts carry almost 'no risk' because they guarantee a minimum return on investments.
The new range of GIAs cover combinations of growth, tracked growth an annual income. All accounts offer ...
YBS offers ‘no risk’ guaranteed investment accounts
by David Masters
January 7, 2009
HSBC has been named the most consistently competitive mortgage provider of 2008 by mform.co.uk, the independent mortgage adviser.
The bank has weathered the credit crisis well because of its focus on emerging markets business and has not so far been in need of direct government support.
According to mform, this has allowed the lender to dominate the UK mortgage market throughout 2008, ...
HSBC named top mortgage provider for 2008
by Gill Montia
October 23, 2008
Barnsley Building Society has been forced to merge with the Yorkshire Building Society after it revealed its high exposure to collapsed Iceland banks.
Barnsley said the deal will safeguard it against the possible loss of up to £10 million deposited with banks in Iceland.
In a joint statement, the two societies said the proposal follows swift, pre-emptive action from the ...
Yorkshire Building Society merges with Barnsley Building Society
by Kay Murchie
September 25, 2008
Predictions that mortgage interest rates would rise in response to last week's events on Wall Street are being fulfilled sooner rather than later.
HSBC is increasing rates by 0.3% for borrowers with small deposits; interest on a two-year fixed-rate loan for a borrower with a 10% deposit will rise to 6.27% from tomorrow. However, for customers with a 25% deposit the ...
HSBC and Yorkshire BS increase mortgage rates
by Gill Montia
August 20, 2008
Yorkshire Building Society has today launched a two-year fixed-rate mortgage with interest at 5.54%. The lender is also tempting customers with a reduced fee of £895.
In addition, both Yorkshire and Abbey have announced rate cuts on various loans.
Yorkshire has made amendments to an existing two-year fixed-rate mortgage that carried a 3% fee: the rate is being cut from 4.99% to ...
Rate cut and new mortgage deal round-up
by Gill Montia
July 25, 2008
Halifax and Yorkshire Building Society have both announced cuts in mortgage interest rates.
From tomorrow, Halifax is reducing rates on 16 products by up to 0.3%. Bank of Scotland, which is also part of the HBOS group, will make cuts across 29 of its home loans.
In the case of Halifax, two-year fixed rates are not affected, as these were reduced last ...
Halifax and Yorkshire BS cut rates
by Gill Montia
Brits only to survive 11 days if made redundant
by Kay Murchie
