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Switch to a new deal

New deals for existing Yorkshire Bank mortgage customers

Your home may be repossessed if you do not keep up repayments on your mortgage

Switch your Yorkshire Bank mortgage

Is your current Yorkshire Bank mortgage coming to an end? You can switch to a new deal with Yorksire Bank up to 3 months before your current rate expires.

The process is straightforward - just complete the following steps:

Step 1

Read the important information below and confirm you meet the criteria, then review our range of mortgage deals and find one that fits your circumstances.

Step 2

Complete the online form and illustrate your choice of product to apply to switch online, or speak to one of our mortgage advisors.

Step 3

We'll send your offer by post. Please review, sign and send back. Once received we will switch you to the new mortgage deal.

Important information

If you are currently in a fixed or discounted deal period you can start the switch process up to a maximum of 180 days before your current deal expires. Any new deal can be completed without penalty during the last 3 months of the current rate. Please indicate on the acceptance form whether you would like your rate to change as soon as possible, or after the expiry of your current rate.

If you have previously made lump sum credits and/or overpayments to your mortgage with a view to using our borrow back facility in the future, by transferring to a new deal you will lose the ability to withdraw these funds.

If you select a fixed rate mortgage product you will not be eligible to link and offset accounts against your mortgage. If you currently have an offset mortgage any offset account linkage will cease when a fixed rate comes into force.

The online switch service can't be used if you have a residential interest-only mortgage, or if you're not sure which deal is right for you, our mortgage team can talk you through your options. In this situation, please call our mortgage team.

0800 111 4356 Mon-Fri 8am-8pm, Sat 9am-5pm and Sun 10am-4pm, or visit one of our branches.

You can switch to this mortgage online if:

  • You don't want to change your borrowing amount.
  • You want to keep the same term.
  • You don't want to add or remove any parties to or from the mortgage.
  • You don't want to change the repayment method.
  • You still use the property in the same way eg. it's still your main home.
  • You can still meet your mortgage repayments.
  • The mortgage term does not run beyond when you expect to retire from work.
  • You have not incurred any mortgage arrears within the last 6 months.
  • The mortgage term remaining is at least 64 months.

Please note to switch online you will need your mortgage account number.
You can find this on your mortgage statement or other mortgage related letters.

Step 1 - Answer the following questions

Are you switching from a Residential or Buy to Let mortgage?

Will you rely on any of the following to make your mortgage payments and/or (in the case of interest only mortgages) to repay the capital at the end of the term:
  • Income received in a currency other than pounds sterling; or
  • Assets held in a currency other than pounds sterling (including non-UK property or land?)

If your mortgage is split over different parts (accounts) secured on the same property, your Loan to Value will be calculated using the total amount outstanding on all of the parts of your mortgage. Your Loan to Value is the total amount of borrowing expressed as a percentage of the value of the property and is used to determine which deals are available to you in your circumstances.

Do you have more than one mortgage account secured on the same property?

Are you living in the property with no changes planned to that?
Is a relative living in the property with no changes planned to that?
Are you, or will you be, in receipt of rental income?
Will you rely on any of the following to make your mortgage payments and/or (in the case of interest only mortgages) to repay the capital at the end of the term:
  • Income received in a currency other than pounds sterling; or
  • Assets held in a currency other than pounds sterling (including non-UK property or land?)

If your mortgage is split over different parts (accounts) secured on the same property, your Loan to Value will be calculated using the total amount outstanding on all of the parts of your mortgage. Your Loan to Value is the total amount of borrowing expressed as a percentage of the value of the property and is used to determine which deals are available to you in your circumstances.

Do you have more than one mortgage account secured on the same property?

Are you living in, or intending to live in the property?
Is a relative living in, or intending to live in the property?
Are you, or will you be, in receipt of rental income for the property?

Declaration

Most lending on buy to let properties is not regulated by the Financial Conduct Authority. This is because it is considered lending for business purposes, as you will receive rental income from the property.

Where lending is for business purposes, we require you to make a declaration to confirm this. By making this declaration, you are confirming that you are aware of the effect of entering into an unregulated agreement. By entering into an unregulated agreement you will not have the same protection that would otherwise be afforded to you.

If you are unsure about the implications of this declaration we recommend that you obtain legal advice before you proceed.

If you consider that you are not acting for business purposes please let us know before proceeding with your application.

By clicking that you accept, you confirm the following:

  • You are entering into the agreement wholly or predominantly for the purpose of a business carried on, or intended to be carried on, by you.
  • The property is, or you intend that the property will be, let out on the basis of a tenancy agreement.
  • You are aware that by clicking accept and by entering into the loan agreement, you will not have the benefit of the protection and remedies that would be available to you had the loan agreement been a regulated mortgage contract under Article 61(3) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 and / or a customer buy to let mortgage contract within the meaning of the Mortgage Credit Directive Order 2015.
  • You are aware that if you are in any doubt as to the consequence of the agreement not being regulated, you should seek independent legal advice.
You are unable to complete your switch online, please contact our mortgage team on 0800 111 4356 between 8am and 8pm, Monday to Friday, or visit one of our branches.

Step 2

Please insert the property value that is detailed on your mortgage maturity letter

Request your valuation

If you did not receive a letter or are unsure of the value of your property please contact us and advise that you are calling to discuss a valuation. We will provide the valuation figure we hold on file.

Request a new valuation

If you wish to request a new valuation please contact us and advise that you are calling to request a new valuation. A fee may be charged for this request.

0800 111 4356 between 8am and 8pm, Monday to Friday, or visit one of our branches.

Buy to let mortgages - capital and interest Go

Product name

Initial payment

Initial rate

Until

Payment thereafter

Variable rate thereafter

The overall cost for comparison is

Arrangement fee

Early repayment charge
 

(P) This product is only available where one or more of the applicants are fully qualified and employed in the following occupations: Accountants, Architects, Barristers, Chartered Surveyors, Dentists, Engineers, Financial Advisers, Medical Doctors, Nurses, Optometrists, Pharmacists, Pilots, Police Officers, Solicitors, Teachers, Vets.

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