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Yorkshire Bank Equity Release Review (2025): Essential Information

Yorkshire Bank, part of Virgin Money UK, does not offer equity release products directly, but offers a range of financial services including personal and business banking, mortgages, and loans, focusing on customer service and personalized support.
Yorkshire Bank Equity Release
How Does Yorkshire Bank's Equity Release Scheme Rate? Discover the Interest Rates and What Yorkshire Bank Has to Say About Equity Release. Find Out Here if This Is the Right Option for You.
This article contains tops tips from our experts, backed by in-depth research.
Katherine Read
Written by Katherine Read
Bert Hofhuis
Edited by Bert Hofhuis
Paul Sawyer
Reviewed by Paul Sawyer

Contributors:

Francis Hui
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Key Takeaways
  • Yorkshire Bank's equity release rates vary based on several factors such as age, property value, and the specific terms of the plan.
  • Their rates are competitive when compared to other lenders, but it's crucial to factor in other elements such as flexibility and customer service.
  • Reviews are generally positive with customers praising its customer service and transparency, but it's important to do your due diligence and read multiple sources.
  • The equity release scheme, while competitive, can differ from others in terms of features and terms, so it's crucial to compare multiple providers.
  • As with any financial product, their scheme may have additional costs such as legal fees or valuation fees, so it's essential to read the terms and conditions carefully.

Do you want to know if Yorkshire Bank offers equity release in 2025?

You may be looking to join the increasing number of people that are releasing equity in the UK.

Does it suit your circumstances?

See what Yorkshire Bank has to say about equity release and the alternatives to consider.

In This Article, You Will Discover:

    Our dedicated team has thoroughly researched equity release and it's alternatives to help you choose the best provider for your needs.

    Discover more:

    Does Yorkshire Bank offer equity release alternatives to assist you and your family?

    NOTE: SovereignBoss is an impartial and unconnected third-party information provider via this website, and the details replicated in this commentary represent the opinions of SovereignBoss only and may not reflect the views or opinions of Yorkshire Bank. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Yorkshire Bank.

    What Is Equity Release?

    An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care.

    Who Is Yorkshire Bank?

    Clydesdale Bank Plc uses Yorkshire Bank as a trading brand for its retail banking activities in England.

    Yorkshire Bank began as the West Riding Penny Savings Bank in 1859 and changed its name to Yorkshire Bank in 1959.1

    Why Should You Consider Yorkshire Bank?

    You should consider Yorkshire Bank because it is a trusted and credible lender with a good track record.

    Not only is it one of the leading banks in the UK, but it is also part of the Virgin Money Group2 and a business brand of Clydesdale Bank PLC.

    What Are the Pros and Cons of Yorkshire Bank?

    An advantage of Yorkshire Bank is the convenience of it being a UK high street bank.

    Unfortunately, a disadvantage is that it does not offer equity release.

    More pros:

    • It is authorised and regulated in the UK by the Financial Conduct Authority (FCA).3
    • It is part of Virgin Money Group.4

    Yorkshire Bank Cons

    The cons of Yorkshire Bank are:

    • It's product offering only includes regular banking services.
    • It does not offer equity release.

    Does Yorkshire Bank Offer Equity Release or Lifetime Mortgages?

    No, Yorkshire Bank does not offer equity release.

    However, it does offer traditional mortgages and other banking services.

    Does Yorkshire Bank Have An Equity Release Calculator?

    No, Yorkshire Bank does not have an equity release calculator.

    You can, however, use our calculator below to see approximately how much capital you can unlock from your home.

    Yorkshire Bank's Customer Reviews and Ratings

    You can view Yorkshire Bank's customer reviews and ratings below.

    How Did We Review the Information on Yorkshire Bank?

    We reviewed Yorkshire Bank based on the following:

    • Reputation and History – How many years they have been in business, customer reviews, and industry rewards received.
    • Financial Strength – Ensuring it is going strong and has adequate funds to meet long-term commitments.
    • Product Range – We favour companies offering a variety of equity release schemes with greater product flexibility.
    • Interest Rates and Fees – We review competitive rates compared to industry averages and they must be fully transparent about rates and fees without hidden costs.
    • Customer Service and Support – When and how it is available, response times, and available online educational resources. As well as online tools, like a calculator.
    • Code of Conduct and Compliance – We only consider companies that adhere to recognised industry standards and codes.
    • Industry Insights and Peer Reviews – We care about a company’s industry-wide reputation.
    • Innovation and Technology – Is there a streamlined, digital application process?
    • Client Testimonials – Success stories and the complaints resolution process.

    This is an unaffiliated, independent review of Yorkshire Bank.

    Yorkshire Bank Complaints

    If you are dissatisfied with Yorkshire Bank and want to lodge a complaint, the best place to do so is using the complaints form on it's website.

    Other ways of lodging a complaint include:

    • By phone on: 0800 456 1247
    • By post to: Customer Assist Team, 1st Floor Guildhall, 57, Queen Street, Glasgow, G1 3ER
    • In person at any of the branches.

    Alternatively, you can use a review site like Trustpilot or Feefo to provide an assessment.

    What Are Yorkshire Bank's Interest Rates?

    Yorkshire Bank’s traditional mortgage interest rates range between 5.97% to 6.28%*.

    The latest equity release rates can be seen here.

    *While we regularly review our rates, these may have changed since our last update.

    What Are Yorkshire Bank's Fees?

    Yorkshire Bank's fees are dependent on which of it's products and services you require.

    To get the most accurate estimate, you can go to Yorkshire Bank's website.

    Learn More About Yorkshire Bank

    It's origins may be traced back to 1859 in Halifax, West Yorkshire.

    Yorkshire Bank has a large personal client base and a nationwide corporate banking network.

    Yorkshire Bank is part of the Virgin Money Group and is a business brand of Clydesdale Bank Plc.5

    The bank offers a variety of products, including:

    • International Services
    • Savings
    • Risk Management
    • Retirement Plans
    • Business and Private Wealth Management

    Yorkshire has structured Virgin Money around three divisions – personal, mortgages, and business.

    It offers a full range of products and services to consumers and small and medium-sized businesses.

    All are delivered through its leading technology platform to provide customers with a consistent world-class experience.

    FCA Details

    Trading Names

    • Clydesdale Bank

    FCA Permitted Services

    • Banking
    • Insurance
    • Mortgages and home finance
    • Consumer credit
    • Pensions and investments

    Regulators

    • Financial Conduct Authority (FCA)6

    Registration Numbers

    • FCA Reg Number: 303825

    FCA and Companies House Link

    Yorkshire Contact Number and Address

    • +44 141 951 7315
    • info@ybonline.co.uk
    • 20, Merrion Way, Leeds LS2 8NZ, UK.

    Common Questions

    Is Yorkshire Bank a Member of the Equity Release Council?

    What Are the Rates for Yorkshire Bank's Equity Release Scheme?

    Who Owns Yorkshire Bank?

    How Competitive Are Yorkshire Bank's Equity Release Rates?

    How Does the Equity Release Scheme at Yorkshire Bank Compare to Others?

    What Are the Reviews on Yorkshire Bank's Equity Release?

    Are There Any Hidden Costs in Yorkshire Bank's Equity Release Scheme?

    Conclusion

    Although Yorkshire Bank is not an option for releasing equity, it is a reputable bank with a range of regular banking services that could benefit you.

    If you are looking for a later-life lending option, the first step is to contact an experienced advisor, who will help you figure out who is the best provider of equity release for you, or if Yorkshire Bank may be a consideration for an equity release alternative.

    The features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide an enhanced amount. To understand the features and risks, ask for a personalised illustration.

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