Yorkshire Bank, as a standalone mortgage brand for new customers, has been fully integrated into Virgin Money.
While Yorkshire Bank was once a major regional lender, its personal banking and mortgage services are now offered under the Virgin Money brand. This means if you're looking for a new mortgage today, you will be applying to Virgin Money.
This article explains what this means for both new and existing customers.
If you are on an existing Yorkshire Bank mortgage and would like to compare its rate against the rest of the market, you can do so for free by using our mortgage sourcing tool below.
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What Happened to Yorkshire Bank?
Yorkshire Bank has a long and proud history, but after a series of mergers, it is now part of a much larger banking group.
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Yorkshire Bank first merged with Clydesdale Bank.
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The combined group then merged with Virgin Money.
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The entire personal banking and mortgage business was rebranded under the single, national brand of Virgin Money.
The Yorkshire Bank brand name is still used for some business banking services, but for personal mortgages, it has been retired.
I'm an Existing Yorkshire Bank Mortgage Customer. What Does This Mean?
If you took out your mortgage with Yorkshire Bank years ago, don't worry. Nothing has changed with the terms and conditions of your loan. However, your mortgage is now managed by Virgin Money.
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Your Deal is Unchanged: The interest rate and terms of your current mortgage deal remain exactly the same until it is due to end.
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Customer Service is Virgin Money: Any queries, statements, or support for your mortgage will now come from Virgin Money.
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Choosing a New Deal: When your current fixed or tracker rate ends, you will be offered a new "product transfer" deal from the Virgin Money range of mortgages.
So, How Do I Apply for a "Yorkshire Bank" Mortgage?
You can no longer apply for a Yorkshire Bank mortgage. Instead, you apply directly to Virgin Money, which offers the full range of mortgages for the entire group.
Virgin Money is a major high-street lender known for:
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Competitive Mainstream Rates: For first-time buyers, home movers, and remortgagers.
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First-Time Buyer Support: Consistently offering 95% LTV mortgages (5% deposit).
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Innovative Products: Such as "Greener Mortgages" that reward energy efficiency.
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Multi-Channel Access: You can apply directly or through a mortgage broker.
Compare today's best mortgage rates
We work with 90+ UK mortgage lenders, including Yorkshire Bank. You can use our service to compare mortgage rates from across the market to find the right deal.
Our mortgage sourcing tool is FREE and will show you the latest deals from Yorkshire Bank and others so you can make an informed decision about which to choose.
Click the button below to get started comparing the entire market for free.
Pros and Cons of the Change
Pros:
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Access to a Wider Product Range: Former Yorkshire Bank customers now have access to all of Virgin Money's national products and innovative features.
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Modern Digital Banking: You get the benefit of Virgin Money's more modern online and mobile banking platforms.
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National Brand: Access to a larger, national brand with a UK-wide presence.
Cons:
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Loss of a Regional Brand: The disappearance of the historic and trusted Yorkshire Bank name was a downside for many long-standing customers.
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Less Regional Focus: Decisions are now made as part of a large national bank rather than a regionally focused one.
What to do if you’re on a Yorkshire Bank mortgage
Your mortgage will have now changed hands to Virgin Money but if you want to shop around and find out if there’s a better deal elsewhere, the best way to do that is through a whole-of-market mortgage adviser, like the ones we work with.
Get started here to begin a free, no-obligation chat with a broker who has access to the entire mortgage market to find out what the best solution for you is.