Offset Account Providers - Yorkshire Bank
Originally founded in Halifax in 1859, the Yorkshire Bank has become one of the most profitable banks in the UK. In 1990, the Yorkshire Bank became part of the National Australia Bank Group. This move has enabled Yorkshire Bank to benefit from the combination of global financial strength and the good service reputation of a long established regional bank.
With its head office in Leeds, the Bank has around 255 branches throughout the UK. Their services are aimed at both personal and business account holders and cover a wide range of financial products from mortgages, savings, investments and loans to specialist children's accounts.
The Yorkshire Bank was the first high street lender to offer flexible payment mortgages and they still provide some of the most flexible mortgage products available. Among their wide mortgage range is the increasingly popular Offset Mortgage, which allows mortgages and savings to be combined, potentially saving thousands of pounds in interest and allowing penalty-free early mortgage repayment.
This type of mortgage could be ideal for anyone with a current account that is normally in credit or some money in a savings account. The mortgage can be linked to up to six Yorkshire Bank Offset Current accounts & six Yorkshire Bank Offset Savings accounts. The saving in interest is actually worth even more as there will also be a tax saving. The credit interest is used against the mortgage and so not taxable whereas interest on savings would normally be subject to tax. This is even better news for higher rate tax payers.
If you would like more information or if you would like independent advice about the best type of mortgage for you, please complete a Mortgage Enquiry Form above and we will arrange for one of our specialist mortgage advisers to contact you. Alternatively, you can call us on 0845 108 0505.
