If you're considering taking out a new mortgage with us, then it's important to read this section and the Additional Mortgage Information section about the terms that apply to your application.
Unless stated otherwise in the individual product features, the following points apply to all our mortgages:
The normal minimum term is 5 years, maximum term 25 years. However other terms may be available, subject to criteria.
The minimum loan size for house purchase or re-mortgage is explained in our mortgage range section.
We calculate the amount you are able to borrow as a percentage of purchase price, or valuation of the property, whichever is the lower. This is usually called Loan to Value (LTV).
A mortgage is subject to the mortgage conditions and mortgage loan terms copies of which will be given to all applicants when a mortgage offer is issued. These terms and conditions take precedence over information contained on this web site and any other information given to you. You must ensure that you have suitable arrangements to repay the loan in full at the end of your mortgage term. Premiums will be payable direct to the provider of any repayment vehicle.
Applications subject to standard lending criteria and all loans subject to status.
Where a product fee is charged, part of it is payable with your application and is strictly non-refundable. Payment of this fee at this stage does not commit us to issuing you a mortgage offer. We cannot deal with an application until we receive your completed application form and fee (if applicable).
Any additional fee due will be debited to your mortgage account on completion, but can be paid by you anytime.
Any unpaid fees will be recovered through your usual monthly payments over the remaining term of your mortgage. Interest, on a daily basis, will be charged on any fees that you do not pay upon completion. Details of any product fee we charge for each of our mortgage products is contained in our mortgage range section.
We strongly recommend that you protect your mortgage repayments in case you become ill, have an accident or lose your job and then have problems keeping up your payments. We can arrange, through our L&G consultant, Mortgage Payment Insurance to meet your needs and give you peace of mind if the worst happens.
Yorkshire Building Society is a mutual organisation. As such, it is run for the sole benefit of its existing and future members and does not have a separate group of equity shareholders. We are committed to bringing the benefits of membership to an increasing number of people through competitive saving accounts and mortgage interest rates, and a high level of customer service. This commitment is underpinned by the security offered by our exceptional financial strength, built up over 130 years.
To avoid disruption to our business by speculators, all new members of Yorkshire Building Society, which therefore includes new account holders with the Barnsley, must agree to assign any windfall benefits to which they might become entitled to the Yorkshire Building Society Charitable Foundation. In certain circumstances we may not apply this requirement, e.g. on the death of a saver (who was not charitably assigned) where money is transferred to a new account opened by a beneficiary.
This agreement applies to account holders with Barnsley Building Society as your membership is with Yorkshire Building Society.
This agreement to assign will continue for five years from the date you become a member, irrespective of the number of accounts you open with us during that time. Provided that you remain a member of the Yorkshire Building Society, after the end of the five-year period you may keep any windfall conversion benefits that you might become entitled to and you may, at any time, open further accounts without being subject to the charitable assignment provision.
If you were an existing member on 8 April 1998 and have remained a member (either as a shareholder or borrower), you may open new accounts without being subject to the charitable assignment provision.
Yorkshire Building Society Charitable Foundation is a registered charity which provides financial assistance to local charities and good causes, and acts as a focus for our charitable giving.
We are also pleased to support the work of Yorkshire Building Society Charitable Foundation through our Small Change, Big Difference scheme. An annual donation (maximum of 99 pence) - calculated by rounding up the interest payable to the nearest pound - will be made through the scheme to the Foundation.
The donation will be collected annually on 31 December each year and will be shown on your annual mortgage statement. This applies unless you tell us otherwise. If you wish to stop your donation at any time simply contact us.
Barnsley Building Society and the Barnsley are trading names of Yorkshire Building Society. Principal office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
Yorkshire Building Society is a member of the Building Societies Association and is authorised and regulated by the Financial Services Authority and are entered in the FSA register and our FSA registration number is 106085.
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