Product Transfers and Additional Loan Products …...Early Repayment Charge Minimum Loan Amount 10%,...

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Abbreviations used:SVR - our Standard Variable Rate - Currently 4.49%

BoE - Bank of England Base Rate - Currently 0.10%

LTV - Loan To Value

APRC - Annual Percentage Rate of Charge

If you’re looking to change your existing mortgage product or apply for an additional loan, we offer a great range of mortgage products for existing Yorkshire Building Society borrowers.

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Product Transfers and Additional Loan Products Available for Existing Borrowers

PT & AL Issue 92Effective from

3rd September 2020

OUR PRODUCTS HAVE LIMITED AVAILABILITY AND MAY BE WITHDRAWN AT ANY TIME. AFTER A PRODUCT IS WITHDRAWN NO FURTHER APPLICATIONS CAN BE ACCEPTED.


Criteria for Product TransfersYou can apply for a Product Transfer if:-

• The property is your main residence, or there is an authorised letting in place,

• Therearenospecificconditionsonyourcurrentmortgagethatpreventsatransfer,

• Your mortgage account has less than 1 month’s arrears, up to a maximum amount of £100 at the time of transfer, and there has been no more than 1 missed payment in the past 12 months,

• Your mortgage account has been open for at least 1 month,

• Thepart(s)ofyourmortgageaccountbeingtransferredmusthavearemainingtermofatleastthesameasthenewmortgageproduct,

• Thetotalamountbeingtransferredtoanewproductmustbeatleast£3,000,

• You pay any Early Repayment Charges on your existing mortgage product (if applicable),

• Your mortgage account meets all our other normal lending criteria.

PRODUCT TRANSFERS

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PT & AL Issue 92Effective from

3rd September 2020

Product Transfer Offer, Acceptance and Completion Inordertotransferyourmortgagetoanewproductwewillissueanofferfortheproductyourequire.If you do not hear from us within 7 days of requesting an offer, please contact us. Asignedacceptanceoftheproducttransferoffermustbereceivedbyuswithin14daysofthedateoftheoffer.

Uponreceiptofthesignedacceptancewewillprocessthetransferandwritetoyoutoconfirmthedatethetransferiseffectivefromandadviseyouofyournewpayment.Ifyoudonothearfromuswithin7 days of returning your acceptance, please contact us.

Aproducttransferissubjecttothemortgageconditionsandmortgageloanterms(orOffsetaccounttermsinthecaseofanOffsetmortgage).Copieswillhavebeengiventoallapplicantswiththeiroriginalmortgageoffer.

These terms and conditions take precedence over information contained in this factsheet or any other information given to you.


* ThefeeispayableinfullwhenyoureturnyourOfferAcceptanceFormandthefundsmustbeclearedbeforewecancompleteyourproducttrans-fer.Youmayrequestthefeetobeaddedtoyourloan,whichwillincreaseboththeamountborrowedandyourmonthlypayments.

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Max LTV

ProductInitial

Interest Rate

Initial Rate Period Until

Reverting tothe Following

Rate for the Remaining Term

The Overall Cost for

Comparisonis

Product Fee

Early Repayment Charge

MinimumLoan

Amount

10%, 50% or partial over-

payments allowed

Product Code

Fixed Rates - Fix the interest you pay for extra peace of mind

65%

2 year fixed rate

1.29%

31/01/23

Currently4.49% variable

(our SVR)

3.7% APRC £1495*

2.5% to 31/01/221.5% to 31/01/23

£3,000

10%

82976

2 year fixed rate

1.43% 3.7% APRC £745* 82969

2 year fixed rate

1.72% 3.8% APRC None 83025

2 year fixed rate

1.35% 3.7% APRC £1495*

50%82984

2 year fixed rate

1.78% 3.9% APRC None 82934

3 year fixed rate

1.69%

31/01/24

3.5% APRC £1495*

3% to 31/01/222.5% to 31/01/231.5% to 31/01/24

10%

82958

3 year fixed rate

1.83% 3.6% APRC £745* 82943

3 year fixed rate

2.07% 3.7% APRC None 82942

5 year fixed rate

1.54%

31/01/26

2.9% APRC £1495*

5% to 31/01/224% to 31/01/233% to 31/01/24

2.5% to 31/01/251.5% to 31/01/26

82977

5 year fixed rate

1.65% 3.0% APRC £745* 82947

5 year fixed rate

1.83% 3.1% APRC None 82946

5 year fixed rate

1.60% 3.0% APRC £1495*

50%82985

5 year fixed rate

1.89% 3.2% APRC None 82963

7 year fixed rate

2.16%

31/01/28

2.9% APRC £1495*5% to 31/01/234% to 31/01/253% to 31/01/26

2.5% to 31/01/271.5% to 31/01/28

10%

82961

7 year fixed rate

2.43% 3.1% APRC None 82955

10 year fixed rate

2.25%

31/01/31

2.6% APRC £1495* 5% to 31/01/254% to 31/01/273% to 31/01/29

2.5% to 31/01/301.5% to 31/01/31

82962

10 year fixed rate

2.48% 2.8% APRC None 82954

Products available to a maximum LTV of 65%

PT & AL Issue 92 Effective from

3rd September 2020


Offset Fixed Rates - Linking savings to your mortgage

65%

2 year offset fixed rate

1.59%

31/01/23


(our SVR)

3.8% APRC £1495*

2.5% to 31/01/221.5% to 31/01/23

£3,000 Partial

82986


1.73% 3.8% APRC £745* 82970


2.02% 3.9% APRC None 82933


1.99%

31/01/24

3.6% APRC £1495* 3% to 31/01/222.5% to 31/01/231.5% to 31/01/24

82964


2.37% 3.8% APRC None 82944


1.84%

31/01/26

3.1% APRC £1495*

5% to 31/01/224% to 31/01/233% to 31/01/24

2.5% to 31/01/251.5% to 31/01/26

82988


1.95% 3.2% APRC £745* 82949


2.13% 3.3% APRC None 82948

* The fee is payable in full when you return your Offer Acceptance Form and the funds must be cleared before we can complete your product transfer. You may request the fee to be added to your loan, which will increase both the amount borrowed and your

monthly payments.

Max LTV

ProductInitial

Interest Rate





Comparisonis

Product Fee


MinimumLoan

Amount

10%, 50% or partial over-

payments allowed

Product Code

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3rd September 2020



Max LTV

ProductInitial

Interest Rate



Rate for the Remaining

Term


Comparisonis

Product fee


MinimumLoan

Amount

10%, 50% or

Partial Over-payments Allowed

Product Code


75%

2 year fixed rate

1.30%

31/01/23

Currently4.49% vari-

able(our SVR)

3.7% APRC £1495*

2.5% to 31/01/221.5% to 31/01/23

£3,000 10%

82980

2 year fixed rate

1.44% 3.7% APRC £745* 82971

2 year fixed rate

1.74% 3.8% APRC None 82935

3 year fixed rate

1.71%31/01/24

3.5% APRC £1495* 3% to 31/01/222.5% to 31/01/231.5% to 31/01/24

82959

3 year fixed rate

2.09% 3.7% APRC None 82945

5 year fixed rate

1.59%

31/01/26

3.0% APRC £1495* 5% to 31/01/224% to 31/01/233% to 31/01/24

2.5% to 31/01/251.5% to 31/01/26

82981

5 year fixed rate

1.67% 3.0% APRC £745* 82951

5 year fixed rate

1.86% 3.2% APRC None 82950


75%


1.60%31/01/23


able(our SVR)

3.8% APRC £1495*2.5% to 31/01/221.5% to 31/01/23

£3,000 Partial

82987


2.04% 3.9% APRC. None 82936


1.89%

31/01/26

3.1% APRC £1495* 5% to 31/01/224% to 31/01/233% to 31/01/24

2.5% to 31/01/251.5% to 31/01/26

82989


2.16% 3.3% APRC None 82952

*ThefeeispayableinfullwhenyoureturnyourOfferAcceptanceFormandthefundsmustbeclearedbeforewecancompleteyourproducttrans-fer.Youmayrequestthefeetobeaddedtoyourloan,whichwillincreaseboththeamountborrowedandyourmonthlypayments.

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3rd September 2020



3rd September 2020


Max LTV

ProductInitial

Interest Rate



Rate for the Remaining

Term


Comparisonis

Product fee


MinimumLoan

Amount

10%, 50% or

Partial Over-payments Allowed

Product Code


80%

2 year fixed rate

1.47%

31/01/23


able(our SVR)

3.7% APRC £1495*

2.5% to 31/01/221.5% to 31/01/23

£3,000 10%

82967

2 year fixed rate

1.75% 3.8% APRC £745* 82990

2 year fixed rate

2.09% 3.9% APRC None 82965

3 year fixed rate

2.22%31/01/24

3.7% APRC £1495* 3% to 31/01/222.5% to 31/01/231.5% to 31/01/24

82995

3 year fixed rate

2.77% 3.9% APRC None 82991

5 year fixed rate

1.84%

31/01/26

3.1% APRC £1495* 5% to 31/01/224% to 31/01/233% to 31/01/24

2.5% to 31/01/251.5% to 31/01/26

82968

5 year fixed rate

2.08% 3.2% APRC £745* 82994

5 year fixed rate

2.33% 3.4% APRC None 82992


80%


2.39% 31/01/23Currently

4.49% vari-able

(our SVR)

4.0 APRC. None2.5% to 31/01/221.5% to 31/01/23

£3,000 Partial

82966


2.63% 31/01/26 3.5% APRC None

5% to 31/01/224% to 31/01/233% to 31/01/24

2.5% to 31/01/251.5% to 31/01/26

82993


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Max LTV

ProductInitial

Interest Rate





Comparisonis

Product Fee


MinimumLoan

Amount

10%, 50% or

partial Overpay-

ments Allowed

Product Code


85%

2 year fixed rate

1.76%

31/01/23


(our SVR)

3.8% APRC £1495*

2.5% to 31/01/221.5% to 31/01/23

£3,000 10%

82979

1.90% 3.8% APRC £745* 82972

2.21% 4.0% APRC None 82937

3 year fixed rate

2.57%

31/01/24

3.8% APRC £1495* 3% to 31/01/222.5% to 31/01/231.5% to 31/01/24

82982

2.95% 4.0% APRC None 82973

5 year fixed rate

2.21%

31/01/26

3.3% APRC £1495* 5% to 31/01/224% to 31/01/233% to 31/01/24

2.5% to 31/01/251.5% to 31/01/26

82983

2.29% 3.3% APRC £745* 82978

2.52% 3.5% APRC None 82974


85%

2 year offset fixed

rate2.51% 31/01/23


(our SVR)

4.0% APRCNone

2.5% to 31/01/221.5% to 31/01/23

£3,000 Partial

82938

5 year offset fixed

rate2.82% 31/01/26 3.6% APRC None

5% to 31/01/224% to 31/01/233% to 31/01/24

2.5% to 31/01/251.5% to 31/01/26

82975



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3rd September 2020



Max LTV

ProductInitial

Interest Rate




The overall cost for

comparisonis

Product Fee


MinimumLoan

Amount

10%, 50% or

Partial Overpay-

ments Allowed

Product Code


90%

2 year fixed rate

2.16%

31/01/23


(our SVR)

3.9% APRC £1495*2.5% to 31/01/221.5% to 31/01/23

£3,000 10%

82956

2 year fixed rate

2.70% 4.1% APRC None 82939

5 year fixed rate

2.57%

31/01/26

3.4% APRC £1495* 5% to 31/01/224% to 31/01/233% to 31/01/24

2.5% to 31/01/251.5% to 31/01/26

82960

5 year fixed rate

2.94% 3.7% APRC None 82953


90%2 year

offset fixed rate

3.00% 31/01/23Currently

4.49% variable(our SVR)

4.1% APRC None2.5% to 31/01/221.5% to 31/01/23

£3,000 Partial 82940

Products available to a maximum LTV of over 90%

Max LTV

ProductInitial

Interest Rate


Reverting tothe following

rate for the remaining term

The overall cost for

Product fee

Early repayment charge

Minimumloan

amount

10%, 50% or

partial over-payments allowed

Product Code


90%+

2 year fixed rate

3.35%31/01/23


(our SVR)

4.2% APRC £1495*2.5% to 31/01/221.5% to 31/01/23

£3,000 10%82957

2 year fixed rate

3.65% 4.3% APRC None 82941

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Representative Example.

Based on an assumed completion date of 31st January 2021 a mortgage of £274,000 payable over 18 years, initially on our 1.30% fixed rate until 31st January 2023 followed by our Standard Variable Rate currently 4.49%, for the remaining 16 years, would require 24 monthly payments of £1,422.45 and 192 monthly payments of £1,791.41 The total amount payable would be £379,583.90 made up of the loan amount plus interest of £104,088.90 and a product fee of £1495.

The overall cost for comparison is 3.7% APRC.

Note: What you will pay may vary from this and will depend on your personal circumstances.


3rd September 2020


Criteria for Additional Loans You can apply for an Additional Loan if:- • The property is your main residence,• There are no specific conditions on your current mortgage that prevents an Additional Loan,• You have not missed any payments within the last 12 months, and have not missed more than one payment in the last 24 months,• Your mortgage account has been open for at least 6 months,• The purpose of the loan is acceptable to us,• The loan meets all our other normal lending criteria.

Offer, Acceptance and CompletionTo qualify for our Additional Loan, any Additional Loan offer that we may make has to be issued within three months of the date of your application, and your Additional Loan must be completed within six months of the date of offer. If either of these deadlines are not met and the product you applied for has been withdrawn, you will need to select a new mortgage product.An Additional Loan is subject to our mortgage conditions and mortgage loan terms (or Offset account terms in the case of an Offset mortgage) . Copies will have been given to all applicants with their original mortgage offer. These terms and conditions take precedence over information contained in this factsheet or any other information given to you.

ADDITIONAL LOAN PRODUCTS

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3rd September 2020


Max LTV

ProductInitial

Interest Rate





Comparisonis

Product Fee


Minimum/ Maximum

Loan Amount

10%, 50% or

partial Overpay-

ments Allowed

Product Code


65%

2 year fixed rate

1.53%

31/01/23SVR (4.49%) mi-nus 0.24% until 31/01/26 then 4.49% variable

(our SVR)

3.6% APRC £495*2.5% to 31/01/221.5% to 31/01/23

Min £3,000

Max £2million

10%

83008

2 year fixed rate

1.72% 3.8% APRC None 82996

3 year fixed rate

1.91%31/01/24

3.4% APRC £495* 3.0% to 31/01/222.5% to 31/01/231.5% to 31/01/24

83010

3 year fixed rate

2.07% 3.6% APRC None 83001

5 year fixed rate

1.71%31/01/26


(our SVR)

3.0% APRC £495*5.0% to 31/01/224.0% to 31/01/233.0% to 31/01/242.5% to 31/01/251.5% to 31/01/26

83011

5 year fixed rate

1.83% 3.2% APRC None 83003

75%

2 year fixed rate

1.54%

31/01/23 SVR (4.49%) mi-nus 0.24% until 31/01/26 then 4.49% variable

(our SVR)

3.6% APRC £495*2.5% to 31/01/221.5% to 31/01/23

83013

2 year fixed rate

1.74% 3.8% APRC None 82999

3 year fixed rate

2.09% 31/01/24 3.6% APRC None3.0% to 31/01/222.5% to 31/01/231.5% to 31/01/24

83002

5 year fixed rate

1.73%31/01/26


(our SVR)

3.0% APRC £495*5.0% to 31/01/224.0% to 31/01/233.0% to 31/01/242.5% to 31/01/251.5% to 31/01/26

83014

5 year fixed rate

1.86% 3.2% APRC None 83005

80%

2 year fixed rate

1.86%31/01/23

SVR (4.49%) mi-nus 0.24% until 31/01/26 then 4.49% variable

(our SVR)

3.7% APRC £495*2.5% to 31/01/221.5% to 31/01/23

83019

2 year fixed rate

2.09% 3.9% APRC None 83017

5 year fixed rate

2.16%31/01/26


(our SVR)

3.2% APRC £495*5.0% to 31/01/224.0% to 31/01/233.0% to 31/01/242.5% to 31/01/251.5% to 31/01/26

83020

5 year fixed rate

2.33% 3.4% APRC None 83023

85%

2 year fixed rate

2.00%

31/01/23


(our SVR)

3.7% APRC £495*2.5% to 31/01/221.5% to 31/01/23

83015

2 year fixed rate

2.21% 3.9% APRC None 82998

5 year fixed rate

2.37%

31/01/26Currently


3.3% APRC £495*5.0% to 31/01/224.0% to 31/01/233.0% to 31/01/242.5% to 31/01/251.5% to 31/01/26

83016

5 year fixed rate

2.52% 3.5% APRC None 83021


3rd September 2020

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Max LTV

ProductInitial

Interest Rate





Comparisonis

Product Fee


Minimum/ Maximum

Loan Amount

10%, 50% or

partial Overpay-

ments Allowed

Product Code


65%

2 year offset fixed

rate1.83%

31/01/23


(our SVR)

3.7% APRC £495*2.5% to 31/01/221.5% to 31/01/23

Min £3,000

Max £2million

Partial

83009

2 year offset fixed

rate2.02% 3.9% APRC None 82997

5 year offset fixed

rate2.01%

31/01/26Currently


3.2% APRC £495* 5.0% to 31/01/224.0% to 31/01/233.0% to 31/01/242.5% to 31/01/251.5% to 31/01/26

83012

5 year offset fixed

rate2.13% 3.3% APRC None 83004

75%

2 year offset fixed

rate2.04% 31/01/23


(our SVR)

3.9% APRC None2.5% to 31/01/221.5% to 31/01/23 83007

5 year offset fixed

rate2.16% 31/01/26


(our SVR)3.3% APRC None

5.0% to 31/01/224.0% to 31/01/233.0% to 31/01/242.5% to 31/01/251.5% to 31/01/26

83006

80%

2 year offset fixed

rate2.39% 31/01/23


(our SVR)

3.9% APRC None2.5% to 31/01/221.5% to 31/01/23 83018

5 year offset fixed

rate2.63% 31/01/26



5.0% to 31/01/224.0% to 31/01/233.0% to 31/01/242.5% to 31/01/251.5% to 31/01/26

83024

85%

2 year offset fixed

rate2.51% 31/01/23


(our SVR)

4.0% APRC None2.5% to 31/01/221.5% to 31/01/23 83000

5 year offset fixed

rate2.82% 31/01/26



5.0% to 31/01/224.0% to 31/01/233.0% to 31/01/242.5% to 31/01/251.5% to 31/01/26

83022

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3rd September 2020

Representative Example.

Based on an assumed completion date of 31st January 2021, a mortgage of £38,000 payable over 19 years, initially on our 2.07% fixed rate until 31st January 2024, followed by a discount of 0.24% from our Standard Variable Rate currently 4.49% for 2 years and then by our Standard Variable Rate currently 4.49% for the remaining 14 years, would require 36 monthly payments of £201.38, 24 monthly payments of £235.38 and 168 monthly payments of £238.84. The total amount payable would be £53,128.62 made up of the loan amount plus interest of £15,023.62 and a valuation fee of £70.00.

The overall cost for comparison is 3.6% APRC.

Note: What you will pay may vary from this and will depend on your personal circumstances.


Our Standard Variable Rate (SVR) Witheffectfrom20April2020ourstandardvariablerateis4.49%.Theoverallcostforcomparisonis4.6%APRC.

Capped Standard Variable Rate (SVR)Foralladditionalloanproductswithaninitialrateperiodoflessthan5years,ourSVRiscappeduntil31/01/26.Ifyou take one of those products after the initial rate period yourinterestrateisonourSVR,therateyouwillpaywillnotexceed6.75%.

Annual Percentage Rate of Charge (APRC) Thisisafigurewhichalllendersmustquotewhenreferringtomortgages.Itisdesignedtoshowthetotalyearly cost of a mortgage stated as a percentage of the loan. It includes items such as the interest rate payable at the start of the mortgage and after the initial rate period hasended,ProductFee(whereapplicable),RevaluationFeeandMortgageFee.Itistheoverallcostforcomparisonpurposes.Thisfigureisintendedtohelpcustomerstocomparetheoverallcostofdifferentloans.

Maximum Loan AmountWheretheLTV(LoantoValue)islowerthan75%wewillconsiderloansabovethemaximumamountavailable.Please contact us for further details.

Loan to value (LTV)To minimise the risk to Yorkshire Building Society in the currentmortgageenvironment,wehavereviewedtherangeofproductsweofferexistingcustomers.Likemanyofthemortgagedealscurrentlyonoffer,ourexistingcustomerproductsnowtakeintoaccountyourmortgagebalancecomparedtotheestimatedvalueofyourproperty(thisisknownasLoantoValue).WecalculatethisestimatedvaluebyusingourHousePriceIndex,whichisrecalculatedeveryquarter.Thisisthefigurewhichweusewhenassessingyoureligibilityforourproductsunlessyourequestarevaluation.

Product FeeThefeeispayableinfullwhenyoureturnyourOfferAcceptanceFormandthefundsmustbeclearedbeforewecancompleteyourproducttransfer.Youmayrequestthefeetobeaddedtoyourloan,whichwillincreaseboththeamountyouborrowandyourmonthlypayments.

Early Repayment Charge (ERC) For Products With 10% Overpayment LimitsIntheeventoffullrepayment,paymentstotalingmorethan 10% of the outstanding loan amount or transfer (in fullorinpart)toanalternativeproductortoYorkshireBuilding Society’s SVR, on or before the end of the ERC period, an ERC is payable. The ERC is calculated at the rate applicablefortheyearinwhichtherepaymentortransferoccurs and is based on the amount repaid or transferred.

Forexample,withaProductTransfer:£100,000istransferredtoa1.85%fixedrateproductuntil31/01/23.If you decide to repay this mortgage in full before 31/01/22,andthebalanceoutstandingonthedayofredemptionis£98,000,theERCwillbe2.5%x£98,000=£2,450. If you decide to repay this mortgage in full before 31/01/23butafter31/01/22andthebalanceonthedayofredemptionis£98,000,theERCwillbe1.5%x£98,000=£1,470.Forexample,withanAdditionalLoan:£30,000isborrowedona1.85%fixedrateproductuntil31/01/23.IfyourepaythisAdditionalLoaninfullbefore31/01/22,andthebalance outstanding on the day of redemption is £24,500, theERCwillbe2.5%x£24,500=£612.50.IfyourepaythisAdditionalLoaninfullbefore31/01/23butafter31/01/22,and the balance outstanding on the day of repayment is £24,500,theERCwillbe1.5%x£24,500=£367.50.The exception to this is that you may repay (part or lump sum) up to 10% of the outstanding loan amount in each 12 month period (calculated from the date of completion of your additional loan or product transfer and then from eachanniversaryofcompletion)withoutincurringanERC.Anyamountrepaidoverthe10%limit(includingpolicyproceedssuchasmaturingendowments)willincuranERCofthepercentagespecifiedontheexcessamount.Forexample,withaProductTransfer:If£100,000isoutstandingonthefirstanniversaryofcompletionofyourproduct transfer, you can repay up to £10,000 (10%) in thefollowing12monthperiodwithoutincurringanERC.If you decide to repay more than this e.g. £15,000, you willincuranERCofthespecifiedpercentageon£5,000asthis is the amount in excess of the 10% limit. Forexample,withanAdditionalLoan:Ifyouborrow£25,000, you can repay up to £2,500 (10%) in the 12 monthperiodfollowingcompletionofyourAdditionalLoanwithoutincurringanERC.Ifyourepaymorethanthisamount,e.g.£6,000,youwillincuranERCofthespecifiedpercentageonthe£3,500asthisistheamountinexcessof the 10% limit.AftertheendoftheERCperiod,overpaymentsofanyamountareallowedwithoutincurringanERC.IfaproductdoesnothaveERCsthenoverpaymentsareallowedwithoutrestriction.Anyoverpaymentsmaynotbesubsequentlyredrawnoncetheyhavebeenmadetoreduce the mortgage balance.

Further Information Applicable to Product Transfers and Additional Loans

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Further Information Applicable to Product Transfers and Additional Loans (continued)Early Repayment Charge (ERC) For Products With 50% Overpayment LimitsIntheeventoffullrepayment,paymentstotalingmorethan 50% of the outstanding loan amount or transfer (in fullorinpart)toanalternativeproductortoYorkshireBuilding Society’s Standard Variable Rate, on or before the end of the ERC period, an ERC is payable. The ERC is calculatedattherateapplicablefortheyearinwhichtherepayment or transfer occurs and is based on the amount repaid or transferred. Forexample,withaProductTransfer:£100,000istransferredtoa1.97%fixedrateproductuntil31/01/23.If you decide to repay this mortgage in full before 31/01/22,andthebalanceoutstandingonthedayofredemptionis£98,000,theERCwillbe2.5%x£98,000=£2,450. If you decide to repay this mortgage in full before 31/01/23butafter31/01/22,andthebalanceonthedayofredemptionis£98,000,theERCwillbe1.5%x£98,000=£1,470.The exception to this is that you may repay (part or lump sum) up to 50% of the outstanding loan amount in each 12 month period (calculated from the date of completion ofyourproducttransferandthenfromeachanniversaryofcompletion)withoutincurringanERC.Anyamountrepaidoverthe50%limit(includingpolicyproceedssuchasmaturingendowments)willincuranERCofthepercentagespecifiedontheexcessamount.Forexample,withaProductTransfer:If£100,000isoutstandingonthefirstanniversaryofcompletionofyourproduct transfer, you can repay up to £50,000 (50%) in thefollowing12monthperiodwithoutincurringanERC.Ifyoudecidetorepaymorethanthise.g.£65,000,youwillincuranERCofthespecifiedpercentageon£15,000as this is the amount in excess of the 50% limit.AftertheendoftheERCperiod,overpaymentsofanyamountareallowedwithoutincurringanERC.IfaproductdoesnothaveERCsthenoverpaymentsareallowedwithoutrestriction.Anyoverpaymentsmaynotbesubsequentlyredrawnoncetheyhavebeenmadetoreduce the mortgage balance.

PortabilityInthefutureifyoudecidetomovehome,inmostcasesyoucantakeyourcurrentproductwithyou(thisiscalledportability),providedyouandthepropertyyouarebuying meet our existing lending criteria at that time.Anewvaluationwillbecarriedoutforallportabilityapplications,regardlessofwhetheratop-upproductisrequiredtodeterminethenewloantovalue(LTV)forlendingpurposes.Anon-refundablestandardvaluationfeeispayableforthis,andthisfeewillautomaticallybe added to the mortgage account and interest charged onthisdaily.Alternatively,youcanpaythevaluationfeebycardorsendachequeforthefeeatthetimethevaluationisinstructedtoavoidbeingchargedinterestonthis fee. LTV - The LTV is calculated using the total of the outstanding mortgage balance and the amount of any top-upborrowingrequired,comparedtoanewvaluationoftheproperty.Anytop-upborrowingwillbeagreedona capital and interest repayment basis only.


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Revaluations Youcanrequestarevaluationofyourpropertytoascertainyourcurrentloantovalue,onthebasisofyourbeliefthatyourproperty’scurrentvalueisdifferenttotheestimatedvaluationonourrecords.PleasenotethatbyrequestingarevaluationyouwouldnotbereservinganyofYorkshireBuildingSociety’smortgageproductsorrates.Productscanbewithdrawnatanytimeandyouwillonlybeabletochoosefromtherangeavailable,onceyourcurrentvaluation isconfirmed.Ifarevaluationisrequired,anon-refundablefeeof£70ispayable.Thisfeeispayableonrequestofarevaluation.Thiscaneitherbepaidbycredit/debitcardoverthephone,orbyvisitingyournearestbranch.

Overpayments Makinglumpsumorregularoverpaymentswithinthelimits of your product can help to reduce your mortgage balancewithoutincurringERCs.ReducingyourmortgagebalancecanloweryourLTVwhichcouldmeanyouhavemoreoptionsavailabletoyouthenexttimeyouareina position to do a product transfer. Please note that if housepricesincreasethiscanloweryourLTV,howeverifhouse prices fall, your LTV may rise.

Further Information Applicable to Product Transfers Only

Further Information Applicable to Additional LoansRelease of fundsPleasenotethataFundsTransferFeeof£35willbepayableforthereleaseofAdditionalLoanFundselectronicallysothatyou(orthelegaladviserifappropriate)receivethefundsthesameday.Thisfeewillbedeductedfromyourmortgageadvance.Alternativemethodsofreleasingthefundsareavailable(BACSorInternalTransfer)whichdonotincuracharge.Furtherdetailsofthisfeewillbeincludedinyourmortgageoffer.Where the total mortgage balance including the AdditionalLoanisbelow85%ofthecurrentvalueoftheproperty(i.e.beforeanyworkiscarriedout),themoney can be released as soon as your Additional Loan isapprovedandyouhaveacceptedyouradditionalloanoffer.

Additional Loan RevaluationToensurethatweareabletolendtheamountyouwishtoborrowweneedtoestablishthetotalofyour mortgage balance and the amount of additional borrowing,comparedtothevalueofyourproperty(LTV).Inordertodothis,insomecaseswewillrequirearevaluationofyourproperty.Pleasecontactustocheckifthiswillapplytoyou.Ifarevaluationisrequiredanon-refundablerevaluationfeeof£70ispayable.TheresultingLTVfigurewillbeusedwhenassessingyoureligibilityforourproducts.Thisfeeispayablebeforeanyrevaluationcanbedone.Thiscaneitherbepaidbydebit/creditcardoverthephone,orbyvisitingyournearestbranch.

Information requiredIf the Additional Loan is for any structural changes to the property, copies of the plans and all necessary planning approvalsandbuildingregulationconsentswillberequiredatthetimeoftheapplication.EstimatesfortheworkwillberequirediftheAdditionalLoanwillmeanyourmortgagebalancewillbeabove85%ofthecurrentpropertyvalue.

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Your existing mortgage and Additional Loan amount must be taken on Offset products only. Offset and non-Offset productscannotbemixed.TheOffsetsavingsaccount(s)availablewithourOffsetproductsofferDirectDebitandStandingOrderfacilities,aswellasaLINKcard(doesnotapplytoOffsetPlusSavings).

Equivalent Savings Interest Rates For Current Offset ProductYoudonotearnanyinterestonanOffsetsavingsaccount(s).However,bylinkingsavingstoyourmortgage,youonlypayinterestonthedifferencebetweenyourOffsetmortgagebalanceandOffsetsavingsbalance(s).ThemoneyinyourOffsetsavingsaccount(s)thereforebenefitsfromtheequivalentoftheinterestratechargedonyourOffsetmortgage.Theequivalentsavingsinterestratesshownoverleafarebasedonthecurrentinterestrateofthemortgageproductsowherethisrateisvariableorrevertstoavariablerateafteraninitialfixedrateperiod,thebenefityougetfromyoursavingswillchangeatthesametime.ThesefiguresalsoassumeyourOffsetsavingsareoffsetagainstthe

Information Relevant to All Offset Accounts

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Offset Product Rate

Product Type

Zero rateTaxpayer

Basic Rate Taxpayer

Higher Rate Taxpayer

Additional Rate Taxpayer

1.52% Fixed 1.52% 1.52% 1.52% 2.76%

1.54% Fixed 1.54% 1.54% 1.54% 2.80%

1.64% Fixed 1.64% 1.64% 1.64% 2.98%

1.72% Fixed 1.72% 1.72% 1.72% 3.13%

1.77% Fixed 1.77% 1.77% 1.77% 3.22%

1.86% Fixed 1.86% 1.86% 1.86% 3.38%

1.89% Fixed 1.89% 1.89% 1.89% 3.44%

1.95% Fixed 1.95% 1.95% 1.95% 3.55%

1.99% Fixed 1.99% 1.99% 1.99% 3.62%

2.02% Fixed 2.02% 2.02% 2.02% 3.67%

2.07% Fixed 2.07% 2.07% 2.07% 3.76%

2.11% Fixed 2.11% 2.11% 2.11% 3.84%

2.14% Fixed 2.14% 2.14% 2.14% 3.89%

2.21% Fixed 2.21% 2.21% 2.21% 4.02%

2.27% Fixed 2.27% 2.27% 2.27% 4.13%

2.57% Fixed 2.57% 2.57% 2.57% 4.67%

2.64% Fixed 2.64% 2.64% 2.64% 4.80%

The examples assume that basic and higher ratetaxpayersdonotpaytaxontheirsavingsand that additional rate taxpayers pay 45% taxonsavingsinterestandarebasedoncurrentHMRevenueandCustomsruleswhichare subject to change. Customer usage of any applicable Personal SavingsAllowanceisnotincludedwithinthese calculations. Whether you need to pay tax is dependent on yourownpersonalcircumstancesandsomaybe subject to change in the future.



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OFFSET ACCOUNTS

For important information about our Offset mortgages and the options available to you to manage the mortgage term and monthly payments, please read our ‘A guide to your Offset Options’ leaflet.

EARLY REPAYMENT CHARGE (ERC) FOR OFFSET MORTGAGE PRODUCTS WITH PARTIAL OVERPAYMENTS ALLOWED

Iftheproductisrepaidinfullortransferred(infullorinpart)toanalternativeproductortoYorkshireBuildingSociety’sStandardVariableRate,onorbeforetheendoftheERCperiod,anERCispayable.However,partialoverpayments(monthlyorlumpsum)ofanyamountareallowedwithoutcharge.TheERCiscalculatedattherateapplicablefortheyearinwhichtherepaymentortransferoccurs.TheERCisbasedonthe original transfer or the original Additional Loan amount and so disregards any payments (including usual monthly payments)youmakewhichmayhavereducedthetotalamounttransferredorborrowed.Forexample,withaProductTransfer:£100,000istransferredtoa2.15%fixedrateproductuntil31/01/23. If you decide torepaythismortgageinfullbefore31/01/22,theERCwillbe2.5%x£100,000=£2,500.Ifyoudecidetorepaythismortgageinfullbefore31/01/23butafter31/01/22,theERCwillbe1.5%x£100,000=£1,500.Forexample,withanAdditionalLoan:£25,000isborrowedonthe2.15%Fixedto31/01/23product.IfyourepaythisAdditionalLoaninfullbefore31/01/22,theERCwillbe2.5%x£25,000=£625.IfyourepaythisAdditionalLoaninfullbefore31/01/23butafter31/01/22,theERCwillbe1.5%x£25,000=£375.AftertheendoftheERCperiod,overpaymentsofanyamountareallowedwithoutincurringanERC.IfaproductdoesnothaveERCsthenoverpaymentsareallowedwithoutrestriction.Anyoverpaymentsmaynotbesubsequentlyredrawnoncetheyhavebeenmade.


SUMMARY BOX

What is the inter-est rate?

No interest is paid on this account

Whether you need to pay tax is dependent on your own personal circumstances and so may be subject to change in the future.

* AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

No interest is paid on this account

Whether you need to pay tax is dependent on your own personal circumstances and so may be subject to change in the future.

* AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

Can Yorkshire Building Society change the inter-est rate?

Not applicable for this account. Not applicable for this account.

What would be the estimated balance after 12 months based on a £1000 deposit?

Not applicable for this account. The balance in this account will be offset against the balance of your Yorkshire Building Society Offset mortgage for the purposes of calculating interest on your mortgage.

Not applicable for this account. The balance in this account will be offset against the balance of your Yorkshire Building Society Offset mortgage for the purposes of calculating interest on your mortgage.

How do I open and manage my account?

EligibilityThe Offset Savings account is only available in conjunction with a Yorkshire Building Society Offset mortgage.

Account managementThe account can be managed online, by branch or post.

The minimum balance is £0.

The maximum balance is 100% of your Offset Mortgage balance. Please note however that if your savings balance exceeds your Offset Mortgage balance, you will not receive any benefit from or be paid interest on the surplus

EligibilityThe Offset Savings account is only available in conjunction with a Yorkshire Building Society Offset mortgage.

Account managementThe account can be managed online, by branch or post.

The minimum balance is £0.

The maximum balance is 100% of your Offset Mortgage balance. Please note however that if your savings balance exceeds your Offset Mortgage balance, you will not receive any benefit from or be paid interest on the surplus

Can I withdraw money?

WithdrawalsThe Offset Savings Account allows instant withdrawals, subject to daily limits without loss of interest. Please contact us for more details.

Your account provides access to the LINK cash machine network, you can deposit cheques and withdraw cash using your LINK card. You can withdraw between £10 and £250 per day from any LINK cash machine. LINK cash card available to customers aged 18 or over.

MaturityAfter repayment of the balance of the Yorkshire Building Society Offset mortgage, the balance in the Offset Savings Account (if any) will be transferred to an Cash Transactor Card account as soon as reasonably practicable and, in any event, within 30 days.

WithdrawalsThe Offset Savings Plus account allows instant withdrawals, subject to daily limits without loss of interest. Please contact us for more details.

MaturityAfter repayment of the balance of the Yorkshire Building Society Offset mortgage, the balance in the Offset Savings Account (if any) will be transferred to an Access Saver account as soon as reasonably practicable and, in any event, within 30 days.

Annual Interest

Gross p.a. AER*

0.00% 0.00%


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Annual Interest

Gross p.a. AER*

0.00% 0.00%

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Applications subject to standard lending criteria and all loans subject to status. Allcommunicationswithusmaybemonitored/recordedtoimprovethequalityofourserviceandforyourprotectionandsecurity.Callsto03numbersarechargedatthesamestandardnetworkrateas01or02landlinenumbers,evenwhencallingfromamobile.Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential RegulationAuthorityandregulatedbytheFinancialConductAuthorityandthePrudentialRegulationAuthority.YorkshireBuildingSocietyisenteredintheFinancialServicesRegisteranditsregistrationnumberis106085. HeadOffice:YorkshireHouse,YorkshireDrive,BradfordBD58LJ.

For more details and assistance: Talktoamemberofstaff

at your NEAREST branch

0345 1200 200

ybs.co.uk/mortgages

Our printed material is available in alternative formats e.g. large print, Braille or audio. Please contact your nearest branch or call us on 0345 1200 200.

YBM 1981 PTAL 03 09 20 200903S of 18

SUMMARY BOX

Account Name Offset Savings Offset Savings Plus

Additional Information If you have requested a LINK card it will be posted to you and should arrive within five days of opening the account. Your Personal Identification Number (PIN) will be posted and should arrive four days after receipt of the card. If you do not receive your card or PIN, you must report this to us immediately.When you use your card to make a withdrawal at a cash machine, an itemised statement showing your transactions will be sent to you on a quarterly basis.

Not applicable for this account.


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Product Transfers and Additional Loan Products …...Early Repayment Charge Minimum Loan Amount 10%,...

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Transcript of Product Transfers and Additional Loan Products …...Early Repayment Charge Minimum Loan Amount 10%,...