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Mortgages for second homes
If you already have a mortgage with the Yorkshire Bank, you could benefit from one of our fixed rate mortgages with peace of mind that your payments won’t change during the fixed rate period, or save on interest payments and repay your mortgage early with an offset mortgage
Your questions answered
Have a look at some of the questions we're asked most often about mortgages
Top mortgage questionsLet Yorkshire Bank help you with a mortgage for your second home. With our fixed rate mortgages, you’ll pay the same rate of interest for the fixed rate term – so you’ll always know how much your mortgage will cost. (Rates correct as at
1st May 2012
)| Mortgage | Max loan to value | Initial rate | Until | Rate thereafter (variable) | Overall cost for comparison | |
|---|---|---|---|---|---|---|
| 2 year fixed rate | 80% (capital and interest) 70% (interest only) |
5.79 % |
31st July 2014 | 4.95 % |
5.4 % APR |
More info › Enquire online › |
Your home may be repossessed if you do not keep up repayments on your mortgage
Let Yorkshire Bank help you with a mortgage for your second home. An offset mortgage lets you link your Yorkshire Bank current and savings accounts to your mortgage – so you can save on interest payments and repay your mortgage early. (Rates correct as at
1st May 2012
)| Mortgage | Max loan to value | Current rate | Overall cost for comparison | |
|---|---|---|---|---|
| Offset variable rate | 80% (capital and interest) 70% (interest only) |
5.35 % |
5.7 % APR |
More info › Enquire online › |
Your home may be repossessed if you do not keep up repayments on your mortgage
Written quotations are available on request
The maximum Loan to Value (LTV) for interest only where the repayment strategies meet the Bank’s criteria and can be evidenced is 75%. If the repayment vehicle is either cash savings or downsizing, the maximum LTV will be 50%.