Yorkshire Bank has a number of mortgage options with flexible features, including offset mortgages, current account mortgages and flexible mortgages.
The Yorkshire Bank offset mortgage links a mortgage account, current accounts and savings accounts (all held with the bank) so that customers can get the maximum benefit of offsetting.
Customers can overpay and can take payment holidays if they have previously overpaid, though interest will continue to accrue. Up to six current accounts and six savings accounts can be linked to the mortgage. All linked accounts must belong to named people on the mortgage account.
The minimum loan amount for the Yorkshire Bank offset mortgage is £25,000 and the mortgage is available up to 95 per cent loan to value. The interest rate varies between 5.49 per cent and 5.89 per cent, with the annual percentage rate (APR) at between 5.7 per cent and 6.3 per cent, depending on the loan amount. There is an establishment fee of £349 for the Yorkshire Bank offset mortgage. There are no early repayment charges.
There is also a version of the Yorkshire Bank offset mortgage available to business customers who are sole traders or in limited partnerships. This allows them to link business current and savings accounts to the mortgage account. The overall cost for comparison is 6 per cent.
Yorkshire Bank also offers two current account mortgages, with two payment options, both available at between 5.8 per cent and 6.8 per cent APR, with establishment fees of £349. The current account mortgages link current account, savings, personal loan, overdraft and mortgage into a single account.The Yorkshire Bank current account mortgage with a rapid repay option is a capital repayment current account mortgage, 
where people can pay in money to reduce the amount owed and possibly their mortgage term. The account has a borrowing limit (called a safety limit) which account holders can use at any time without filling in additional forms. There is also an interest only version of the Yorkshire Bank current account mortgage, called the Flexible Repay.
Yorkshire Bank also has a flexible payment mortgage at a typical APR of 7.3 per cent. This is a variable rate mortgage, where borrowers can pay weekly, fortnightly or monthly and can make regular or lump sum overpayments. Once this has been done, borrowers can also take payment holidays of between three and six months a year. Overpayments can also be borrowed back, subject to a £1,000 minimum.
The Yorkshire Bank offset mortgage, current account mortgage and flexible payment mortgage are suitable for anyone who is interested in repaying their mortgage early. Borrowers will also be able to reduce monthly payments on the offset and current account mortgage versions.
Please note that The Offset Mortgage Centre cannot advise on or arrange mortgages from the Yorkshire Building Society.
Monthly account statements
No cheque book facility
Overpayments/underpayments and payment holidays
