Yorkshire Bank

Yorkshire Bank is part of the National Australia Bank Group. It combines global vigor and strength with the local service of a mature and well established regional bank.

Yorkshire Bank was established in 1859 in Halifax, West Yorkshire, by Colonel Edward Akroyd as a benevolent organization aimed at providing the working classes with a means of saving. Yorkshire Bank has developed over the years into one of the most profitable regional banks in the UK. In 1990 it became a member of the National Australia Bank Group, an international financial services group, which at September 2003 had more than £168 billion in assets.

Today, Yorkshire Bank is the main English arm for the European operations of the National Australia Bank Group. The Bank employs 6,000 staff and operates through a network of 255 retail branches stretching from Newcastle in the north to London in the south.

Yorkshire Bank was awarded "Best Regional Lender" 2004/2005 by Your Mortgage Magazine, and was winning this award for the past seven years. Yorkshire Bank offer a selection of flexible mortgage deals for first time buyers, home movers and re-mortgagers.

Yorkshire Bank offers a variety of mortgages, each one different according to their customers needs:

Offset Mortgage
The money in your Yorkshire Bank savings and current accounts are Offset against your Mortgage. This could save you thousands in interest and enables you to repay your mortgage years earlier.

Current Account Mortgages
This joins your current account, savings, personal loan, overdraft and mortgage into one flexible account. This has a built-in limit and full current account facilities.

Flexible Payment Mortgage
Designed to let you choose how quickly you pay off your loan:

• Pay weekly, fortnightly or monthly.
• Make regular increased repayments, repayment step-ups, or pay one-off lump sums.

You can reduce your mortgage repayments, as long as you have made enough overpayments you can reduce your mortgage repayments for a short time.

First Time Buyers

If you're buying your first home, most probably you are looking for ways to save money and to make the whole buying process as simple and straightforward as possible.

• Yorkshire bank has mortgages specifically designed for First Time Buyers. You can choose Discounted variable rate mortgages or fixed rate options, whichever you feel more comfortable with.

Yorkshire Bank can guide you step by step through the whole home buying process.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT MAINTAIN YOUR MORTGAGE REPAYMENTS.

Current Account Mortgages

• Your credit balances reduce the interest you owe. So you could end up paying off your mortgage earlier, saving money in interest charges.
• Instead of gaining interest on your savings, you pay less interest on your mortgage, which can give you tax efficiencies.
• All your borrowing is at the same rate as your mortgage.

Flexible Payment Mortgage

• You can take repayment holidays.