The Yorkshire Building Society was first launched in 1864 under the name of ‘Huddersfield Equitable Permanent Benefit Building Society’ and its three directors were a dentist, a plumber and a shoemaker. The total assets at that time were £4,044 13s 5d with a clientele of six. In 1866 the West Yorkshire Building Society was formed and set up at the Royal Hotel Dewsbury with a staff of only two. As the years passed following many changes it was in 1982 that the Yorkshire Building Society was eventually named and this was following a merger with the Huddersfield & Braford and West Yorkshire Building Societies.

Another merger took place when the Yorkshire Building Society united with the Haywards Heath Building Society. By 1999 the Societies assets reached £10 billion.

In 2001 the Yorkshire Building Society became Britain’s 3^rd largest mutual society with over £11 billion of assets, by 2008 these assets became over £23 billion and membership reached 2 million.

Many mergers later the Yorkshire Building Society has assets amounting to around £33 billion and a clientele of 3.5 million.

The society has a variety of mortgages on offer that include fixed rate mortgages, offset mortgages, tracker mortgages and mortgages for first time buyers.

Below are a few examples of some of their mortgages.

Two year fixed offset mortgage (until 28^th February 2014)

• Fixed payments for a two year period
• Initial rate 3.04%
• 75% Loan to Value (LVT)
• Product fee is £995
• Available to first time buyers, remortgage, new customers and existing YSB borrowers
• Minimum amount of loan £25,001
• No higher lender charge
• Early repayment charge is 3% until 28^th February 2014
• There is a mortgage fee of £90 payable on redemption of the mortgage)
• The rate changes to their SVR (standard Variable Rate) of 4.99% when the two year term ends

Fixed offset mortgages are also available for 3 and 5 years.

Two year tracker mortgage (until 28^th February 2014)

• Fixed payments for a two year period
• Initial rate of 2.49% variable (Bank of England Base Rate plus 1.99%) until 28/02/14
• 75% Loan to Value (LVT)
• Product fee is £995
• Available to first time buyers, remortgage, new customers and existing YSB borrowers
• Minimum amount of loan £25,001
• No higher lender charge
• Early repayment charge is 2% until 28^th February 2014
• There is a mortgage fee of £90 payable on redemption of the mortgage)
• The rate changes to their SVR (standard Variable Rate) of 4.99% when the two year term ends

Fixed rate mortgage

• Fixed payments for a two year period (until 28^th February 2014)
• Initial rate of 2.84%
• The rate changes to their SVR (standard Variable Rate) of 4.99% when the two year term ends
• 75% Loan to Value (LVT)
• Product fee is £995
• Available to first time buyers, remortgage, new customers and existing YSB borrowers
• Minimum amount of loan £25,001
• No higher lender charge
• Early repayment charge is 3% until 28^th February 2014
• There is a mortgage fee of £90 payable on redemption of the mortgage)

The Yorkshire Building Society is a well-known society and with many different types of mortgages designed to meet all needs.