Yorkshire Bank has been in business since 1859, though is expected to be phased out over the coming months as part of a Virgin Money takeover. At which point, all customers (and their accounts) will fall under the jurisdiction of Virgin Money and its parent company – Clydesdale Bank PLC.
Along with an extensive range of current accounts, credit loans and unsecured lending options, Yorkshire Bank has offered affordable mortgage products for several generations. All borrowing costs are established on the basis of the borrower’s credit history and financial status – both of which are extensively checked to gauge eligibility. The vast majority of Yorkshire Bank’s services have always been consumer-focused, though the bank has also worked with thousands of smaller businesses over the years.
Mortgages: Understanding the Options
If you’re thinking of applying for a mortgage, it’s important to first ensure you understand the different types of mortgages available. With conventional mortgages, you may have the option of choosing between fixed-rate, variable-rate and tracker mortgages – all with their pros and cons. If your credit history isn’t as strong as it could be, you may struggle to qualify with major lenders like Yorkshire Bank. In which case, a specialist subprime mortgage could be ideal.
At UK Property Finance, we ensure our customers are presented with every available option to suit their needs and budget. Unlike some mainstream brokers, we scour the UK market in its entirety to find unbeatable deals. This includes the usual High Street lenders and an extensive network of independent mortgage specialists. By including the most dynamic and flexible lenders in the UK, we’re able to access high-quality, low-cost deals for every customer we work with.
Calculate Your Requirements
If you’re still exploring the options available, be sure to check out our exclusive online mortgage calculator. Work out your budget, determine your ideal mortgage loan characteristics and get an idea of what to expect, if you decide to go ahead. Once you’re ready to take the next step, contact the team at UK Property Finance and we’ll begin comparing deals from across the UK.
Even if your credit score is imperfect, there’s a good chance we can help. You may have been turned down by major banks like Yorkshire Bank, but this doesn’t mean that all doors are closed. We’re here to show you that whatever your budget and financial history, there’s a quality mortgage out there with your name on it. Call UK Property Finance today to find out more.