Tag: Yorkshire Building Society

Cost of renting edges downwards

Cost of renting edges downwards

The average cost of renting a home in England and Wales fell to £711 in December, 0.8 per cent lower than November’s average, according to LSL Property Services’ latest Buy-to-Let Index. December was the second consecutive month in which rental costs have fallen, but over 2011 as a whole, they showed an increase of 4 [...]

January 20, 2012 | 0 Comments More
Norwich and Peterborough to repay £57m to Keydata investors

Norwich and Peterborough to repay £57m to Keydata investors

The Norwich and Peterborough Building Society (N&P) is to repay £57 million in compensation to customers who were sold its Keydata product. N&P sold Keydata products from 2005 but it was placed into administration in 2009, with 30,000 UK investors facing the loss of £450 million. The collapse of Keydata represents the largest investment failure [...]

Yorkshire Building Society in talks with N&P

Yorkshire Building Society in talks with N&P

It has been revealed that Yorkshire Building Society is in talks with smaller rival Norwich and Peterborough (N&P) which could lead to an acquisition. The announcement comes after much consolidation in Britain’s mutual sector, as a result of funding pressures. Late last year, Coventry Building Society and Stroud & Swindon merged, creating a business with [...]

SVR huggers miss out on cheaper mortgage payments

SVR huggers miss out on cheaper mortgage payments

New research from Yorkshire Building Society shows that the number of mortgage borrowers now on their lenders’ standard variable rates (SVRs) is over 2.3 million, representing 28% of the total mortgage market. Typically these households have come off fixed-term deals and for one reason or another have chosen to revert to their lenders’ SVRs, rather [...]

Yorkshire’s new bonds pay up to 4.6%

Yorkshire’s new bonds pay up to 4.6%

Yorkshire Building Society has announced a new range of fixed-rate bonds paying interest at up to 4.6% gross/AER. Customers can choose between two year, three year and five year options. Interest is paid at 3.56% on the two year bond, 4.11% on the three year bond, and 4.6% on the five year bond. Savers can [...]

Accord launches 10-year fix at 5.24%

Accord launches 10-year fix at 5.24%

Accord Mortgages has launched a new ten-year fixed rate deal with loan-to-value ratios of between 75% and 85%, and a starting rate of 5.24%. The Yorkshire Building Society subsidiary has also made a number of rate reductions across its range, cutting five-year fixed rates by up to 0.5%, and two and three-year fixes by 0.35% [...]

Yorkshire and Chelsea members vote in favour of merger

Yorkshire and Chelsea members vote in favour of merger

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 [...]

Yorkshire BS raises cashback for first-time buyers

Yorkshire BS raises cashback for first-time buyers

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 [...]

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Yorkshire and Chelsea merger leads to job losses

Yorkshire and Chelsea merger leads to job losses

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 [...]

Branch closures expected at Norwich & Peterborough Building Society

Branch closures expected at Norwich & Peterborough Building Society

Norwich & Peterborough (N&P), which is Britain’s tenth largest society, is to close 10 of its branches, putting more than 50 jobs at risk. The branch closures represent one fifth of its 54-strong network and the news comes just a day after it emerged that Chelsea and Yorkshire Building Societies were in merger talks. N&P [...]

Yorkshire and Chelsea building societies in merger talks

Yorkshire and Chelsea building societies in merger talks

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 [...]

Fund a cruise with interest from savings

Fund a cruise with interest from savings

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 [...]

Yorkshire Building Society launches 5.3% bond

Yorkshire Building Society launches 5.3% bond

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 [...]

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Cash Child Trust Funds offer best returns

Cash Child Trust Funds offer best returns

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 [...]

Yorkshire launches fixed-rate eBonds

Yorkshire launches fixed-rate eBonds

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 [...]

Parents help offspring with Yorkshire’s Offset Plus

Parents help offspring with Yorkshire’s Offset Plus

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 [...]

Yorkshire reduces fixed-rates

Yorkshire reduces fixed-rates

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 [...]

YBS offers ‘no risk’ guaranteed investment accounts

YBS offers ‘no risk’ guaranteed investment accounts

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 [...]

HSBC named top mortgage provider for 2008

HSBC named top mortgage provider for 2008

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 [...]

Yorkshire Building Society merges with Barnsley Building Society

Yorkshire Building Society merges with Barnsley Building Society

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 [...]