- Release equity from your home with Yorkshire Building Society Equity Release
- No monthly payments
- Help a family member buy their own home with a modest mortgage
- No product fees
- No lenders fees
- Still, have a few more mortgage payments to make? We can help with that.
- Continue to live in your own home
5.02% APR discounted variable rate. Fixed for life rates of 3.42%. Rates have never been lower, and there are no hidden fees.
How much cash can I get?
You can borrow 65% of your home’s valuation. For example, if your home is worth £240,000, you can borrow £156,000.
5 Year Chart
It’s common to encounter people looking for home reversion plans, monthly payment lifetime mortgages, or interest-only lifetime mortgages. However, Key Retirement, like Aegon, is keen to see proof of your circumstances in the form of investment statements.
Lenders for Equity Release
- Aviva
- Step Change
- Aviva
- AIG Life
Does YBS offer Pensioner Mortgages?
Yes, YBS Pensioner Mortgages are 1.79% APRC.
Applications of Lifetime Mortgages
It can be a vehicle to reduce tax bills, and interest rates are attractive. Use the money to keep another family member away from a high loan to value mortgage or pay down your debts so you have lower monthly outgoings.
Equity Release Loan To Value
- 55% monthly payment equity release Aegon
- 50% LTV monthly payment lifetime mortgage 1st Stop Home Loans
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat with a share of freehold and if the resident is an AST Tenant.
Do Yorkshire Building Society do Pensioner Mortgages?
Yes, Yorkshire Building Society Pensioner Mortgages are 1.79% MER.
Does YBS offer Retirement Mortgages?
Yes, YBS Retirement Mortgages are 1.79% MER.
UK Equity Release Lenders
It’s very common to discover people looking for lump sum lifetime mortgages or home reversion plans. However, Age Concern, like Royal London Equity Release, is eager to see evidence of your situation in the form of investment statements.
- Canada Life Voluntary Select Gold
- Hodge Lifetime Mortgage Plus
- Liverpool Victoria LV= Flexible Lifetime Mortgage
- Pure Retirement Lifetime Mortgage
- Nationwide Equity Release Schemes
- Aviva Lifetime Mortgages
- Hodge Lifetime Flexible Voluntary Repayment Plan
- Pure Retirement Equity Release Schemes
- Stonehaven Equity Release
- Equity Release
- Yorkshire BS Equity Release
- Pure Retirement Drawdown Plan
- Nationwide Equity Release
- More to Life Flexi Choice Voluntary Payment Super Lite
- Equity Release Plans
- Barclays Equity Release Schemes
- NatWest Equity Release Plans
- Stonehaven Equity Release Plan
- More to Life Capital Choice Plus Plan
Do YBS do Equity Release Under 55?
Yes, YBS Equity Release Under 55 is 1.79% APR.
Telephone:
Pitfalls of Yorkshire Building Society Equity Release Plans
Lump-sum lifetime mortgages can reduce the value of your estate. YBS Lifetime mortgage with flexible drawdown cash release may impact entitlements to benefits. You may need to pay a solicitor’s fee, and you could have higher rates to pay with some schemes.
Does the Yorkshire Building Society offer Retirement Mortgages?
Yes, Yorkshire Building Society Retirement Mortgages are 2.42% APR.
An Equity Release Mortgage Under 55 can be a meager overall cost.
Equity Release percentages of your current property value
The older you are and the more illnesses you have, the more tax-free cash you can release.
Yorkshire Building Society Equity Release Schemes
YBS offers many lending products. Some are suitable for people interested in removing equity from their homes.
- NatWest Equity Release Deals
- Canada Life Lifetime Mortgage
- Yorkshire Bank Equity Release Plans
- One Family Equity Release Reviews
- L&G Lifetime Mortgage
- Aviva Lifetime Mortgage
- Scottish Building Society Drawdown Lifetime Mortgage
- Equity Release Santander
- Under 55 Lifetime Mortgages
- Telegraph Lump Sum Lifetime Mortgages
- Equity Release Just Retirement
- Lifetime Mortgages Age Partnership
- Interest Only Mortgages HSBC
- Marsden Building Society Interest Only Lifetime Mortgages
- Legal And General Equity Release Rates
- More to Life Lifetime Mortgage
- Lv Home Reversion Plans
- RBS Equity Release
- Lifetime Mortgages Canada Life
- Norwich Union Interest Only Lifetime Mortgages
- Hodge Lifetime Equity Release
- Halifax Lifetime Mortgages
- Lloyds Bank Equity Release
- Yorkshire Building Society Equity Release Plans
- Lifetime Mortgage Zurich
- Retirement Advantage
Does the Yorkshire Building Society offer Equity Release Under 55?
Yes, Yorkshire Building Society Equity Release Under 55 is 2.42% APRC.
Direct contact details for YBS
Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Does YBS offer Lifetime Mortgages?
Yes, YBS does lifetime mortgages at 2.42% APRC.
Yorkshire Building Society is entered in the Financial Services Register, and its registration number is 106085.
Head Office:
Yorkshire House
Yorkshire Drive
Bradford
BD5 8LJ
References to ‘YBS Group’ or ‘Yorkshire Group’ refer to Yorkshire Building Society, the trading names under which it operates (Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P, and Egg), and its subsidiary companies.
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Call our helpline 24 hours a day, seven days a week
Do Yorkshire Building Society do Lifetime Mortgages?
Yes, Yorkshire Building Society does lifetime mortgages at 2.42% APRC.
Yorkshire Building Society (YBS), as a trusted entity in the UK’s financial landscape, has a longstanding reputation for providing its members with various mortgage products, including those specifically tailored for individuals approaching or within their retirement years. The Society’s approach to retirement mortgages, including the popular YBS RIO Mortgages, reflects a comprehensive understanding of the financial requirements of later life. Reviews from customers who have engaged with Yorkshire Building Society’s retirement mortgage products offer valuable insights into the performance and satisfaction levels associated with these financial solutions.
Yorkshire Building Society Retirement Mortgage Products
YBS RIO Mortgages
Yorkshire Building Society’s Retirement Interest Only (RIO) Mortgages represent a cornerstone product for the retired demographic. These mortgages allow borrowers, typically over the age of 55, to pay only the interest on their loan each month. The principal is repaid when the property is sold, providing a financially manageable solution for homeowners looking to maintain their lifestyle during retirement.
Yorkshire Building Society Equity Release Calculator
For those contemplating releasing equity from their home, Yorkshire Building Society offers an Equity Release Calculator. This online tool provides potential borrowers with an estimate of the equity they could access, assisting in the financial planning process.
Yorkshire Building Society Interest Rates
Interest rates are essential for any mortgage product, and the Yorkshire Building Society rates are competitive. These rates are critical for customers to understand as they affect the long-term affordability of their loan.
Yorkshire Building Society Mortgages for Over 50s
Yorkshire Building Society recognises the diverse financial needs of individuals over 50. Their range of mortgage products caters to this group, who may be planning for retirement and seeking financial flexibility.
Yorkshire Building Society Later Life Mortgages
Later Life mortgages from Yorkshire Building Society are tailored to meet the financial needs of those in their post-retirement years. These products offer solutions for managing finances, supplementing retirement income, or planning for future expenses.
YBS Remortgage Options for Over 60s
YBS provides remortgage options for individuals over 60 considering changing their existing mortgage, whether to secure more favourable terms or release further equity.
Lending Practices and Policies
Inclusive Lending
Yorkshire Building Society is known for its inclusive lending practices. It notably offers products with no upper age limit, ensuring that even borrowers in the 75-plus category can access financial products tailored to their needs.
Support for Older Borrowers
The Society also offers support for older borrowers who may have a less-than-perfect credit history or who are seeking loans that do not necessitate a credit check. It recognises that past financial challenges should not be a barrier to securing a mortgage.
Professional Advice and Guidance
The Role of Brokers and Advisors
Yorkshire Building Society underscores the importance of professional advice in choosing a retirement mortgage. They recommend consulting with brokers or advisors, a stance supported by experts like Martin Lewis, the Money Saving Expert, who emphasises the need for thorough financial planning when considering equity release.
Customer Experiences and Reviews
Positive Feedback
Customers of Yorkshire Building Society have often expressed their satisfaction with the Society’s retirement mortgage products. YBS advisors frequently receive commendation for their clarity in communication and comprehensive advice. Many customers have appreciated the flexibility and peace of mind these products have afforded them.
Considerations Raised in Reviews
Some reviews have drawn attention to the long-term financial implications of retirement mortgages, such as the accumulation of interest and the impact on inheritance. Yorkshire Building Society addresses these concerns by providing transparent information and detailed advice to prospective borrowers.
Product Accessibility
Customer feedback demonstrates the society’s commitment to making retirement mortgages accessible to a broader range of customers, including those who have been declined by other lenders. The society’s comprehensive product range and flexible lending criteria cater to various financial circumstances.
Yorkshire Building Society has established itself as a provider of thoughtful and well-constructed retirement mortgage solutions. Their offerings, from RIO mortgages to interest-only options, showcase an understanding of the unique financial challenges faced by older homeowners seeking stability and flexibility in their retirement finances.