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Yorkshire Bank mortgage review

Our Yorkshire Bank mortgage review combines customer feedback with expert deal analysis to reveal whether the lender is worth considering next time you apply for a mortgage.

In this article
Yorkshire Bank mortgage customer ratings What kinds of mortgages does Yorkshire Bank offer? Does Yorkshire Bank offer the best mortgage deals? Interest rates on Yorkshire Bank mortgages How much could I borrow from Yorkshire Bank?
Can I make overpayments? How can I contact Yorkshire Bank? Buy-to-let mortgages from Yorkshire Bank What Yorkshire Bank’s mortgage customers say Get personal mortgage advice

Yorkshire Bank mortgage customer ratings

Mortgages
Yorkshire Bank review
Which? Customer Score
65%
18th out of 23 mortgage lenders
Which?'s rating for customer satisfaction, based on feedback from real customers. The score is made up of a customer's overall satisfaction with the brand, and how likely they are to recommend that brand.
Compare Yorkshire Bank with 22 other lenders

The table below shows how Yorkshire Bank performed in our latest mortgage satisfaction survey, from application process to value for money.

Customer rating for: Star rating
Customer service

3 out of 5

Application process

-

Value for money

3 out of 5

Keeping you well informed

3 out of 5

Clarity of statements

3 out of 5

Transparency of charges

3 out of 5

Query and complaint handling

3 out of 5

Ability to overpay or underpay mortgage

3 out of 5

Online access

3 out of 5

 

Star ratings based on a June 2018 Which? survey of 3,560 members of the general public, in which 39 people told us they had their mortgage with Yorkshire Bank. Where no rating is given the sample size was too small.

What kinds of mortgages does Yorkshire Bank offer?

When we checked in July 2018, there were only around 30 mortgages available from Yorkshire Bank - a relatively small number compared to other lenders. Some of these were discount deals lasting two years. The rest were fixed-rate deals lasting two, three or five years.

Yorkshire Bank also offers offset mortgages, where you can link up to six of your Yorkshire Bank current and savings accounts to your mortgage. You won’t be able to earn interest on any of these accounts, but you could reduce the amount of your mortgage you pay interest on.

Does Yorkshire Bank offer interest-only mortgages?

Yes, but these are only available if you’re a private customer of either Yorkshire or Clydesdale Bank (both are part of the CYBG group).

The most you could borrow is 75% of the property’s value.

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Does Yorkshire Bank offer the best mortgage deals?

Which? analysis has found that Yorkshire Bank offers far fewer cheap mortgages than the average lender.

In order to work this out, our experts analysed thousands of mortgages over a four-week period in June and July 2018. They compiled a total of 108 ‘top-10 cheapest deal’ tables based on a variety of borrowing scenarios, and counted how many times each lender featured in a table.

The average number of times a lender made it into a table was 14, but Yorkshire Bank didn’t feature at all. (Data source: Moneyfacts.)

Interest rates on Yorkshire Bank mortgages

When we checked in July 2018, most mortgages from Yorkshire Bank were fixed-rate deals, meaning your interest rate is guaranteed to stay the same for a set number of years. These fixed-rate deals lasted two, three or five years.

The average interest rate of a two-year fixed-rate deal from Yorkshire Bank was 2.26% in July, compared to the industry average of 2.81%.

There were also a small number of discount mortgages available, where the interest rate is set at a discount on Yorkshire Bank’s standard variable rate.

How much could I borrow from Yorkshire Bank?

Below we’ve outlined how much you could borrow from Yorkshire Bank, in relation to the percentage of the property’s value.

Maximum loan amount Loan-to-value
£500,000 95%
£750,000 90%
£2,000,000 80%

If you’re applying for a mortgage on a new-build house, the most you could borrow is 90% of the property value, while for a new-build flat it’s 80%.

Can I make overpayments?

Yes, although depending on your mortgage, you might have to pay early repayment charges.

How can I contact Yorkshire Bank?

Existing mortgage customers can contact 0800 121 4203.

New customers can call 0800 023 2201.

Yorkshire Bank also offers an online chat service on its website, ybonline.co.uk.

Buy-to-let mortgages from Yorkshire Bank

You could borrow up to 80% of a property’s value with a buy-to-let mortgage from Yorkshire Bank, and you don’t need to have a certain amount of income to apply.

Buy-to-let mortgages are available if you’re 18 and over, as well as for first-time buyers. You’ll qualify as a first-time buyer if you haven’t had a mortgage in the last 12 months.

What Yorkshire Bank’s mortgage customers say

Get personal mortgage advice

Correct as of date of publication.

LISTENING TO THE RIGHT MORTGAGE ADVICE?

Which? Mortgage Advisers listen carefully to what you need, then search thousands of mortgages to choose the No.1 for you, even if you can only go direct.

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We’re closed. Open Thursday from 8am
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Your home may be repossessed if you do not keep up your mortgage repayments
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