Compare Mortgage Rates from Yorkshire Building Society Against the Market

Who are Yorkshire Building Society?

Founded in 1864, YBS is a trusted name in the UK savings and mortgage market. Being a mutual institution means their focus is on providing value and good service to their members, rather than generating profits for shareholders.

They are a prime choice for borrowers with straightforward circumstances – like first-time buyers, home movers, and people looking to remortgage who have a good credit history and a stable income. They offer a full service, allowing you to apply directly in a branch, over the phone, online, or through a mortgage broker via their specialist brand.

What are they known for?

YBS is known for being a reliable and competitive mainstream lender. Their key strengths are:

Strong Support for First-Time Buyers

YBS is very active in the first-time buyer market. They consistently offer:

• Low Deposit Mortgages: A range of 95% Loan-to-Value (LTV) mortgages, meaning you only need a 5% deposit.

• Fee-Free Options: Many of their deals come with no product fees and sometimes include cashback, which helps reduce the upfront costs of buying a home.

Competitive Mainstream Products

They offer a full range of products for a broad audience:

• Fixed and Tracker Rates: A wide selection of deals for home movers and those looking to remortgage.

• Offset Mortgages: These allow you to link your savings to your mortgage to reduce the amount of interest you pay, which can be a great way to save money and pay off your loan faster.

• Buy-to-Let: They offer mortgages for landlords, although their criteria are generally suited for smaller-scale investors rather than complex portfolio landlords.

Accord Mortgages for Brokers

YBS also has a dedicated intermediary-only brand called Accord Mortgages. Accord often has slightly different criteria and products, and it's the brand that mortgage brokers use when submitting an application to the society on your behalf.

Pros and Cons of a Yorkshire Building Society Mortgage

Pros:

• Competitive Rates: Often feature in the "best buy" tables for standard mortgage products.

• Trusted Brand: A long-standing, member-owned institution with a strong reputation.

• Great for First-Time Buyers: A consistent provider of low-deposit mortgages and attractive deals.

• Multiple Application Routes: You can apply directly yourself or use a broker who will likely use their Accord brand.

Cons:

• Less Flexible on Complex Cases: As a mainstream lender, their automated underwriting can be less forgiving of unusual income or minor credit blips compared to a specialist lender.

• Stricter Criteria: Their lending criteria can be more rigid than some other high street lenders.

• Specialist Products via Broker-Only Brand: Some of their more niche or flexible products may only be available through their intermediary brand, Accord.

How to apply

Yorkshire Building Society offers you a choice in how you apply:

1. Directly: You can apply yourself online, over the phone, or by booking an appointment in one of their branches.

2. Through a Mortgage Broker (recommended): An independent mortgage adviser can guide you through the process. They will submit your application to YBS's intermediary brand, Accord Mortgages.

Get started here to take advantage of a free, no-obligation chat with a broker who specialises in Yorkshire Building Society’s products and find out how much they could help you save.