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Yorkshire Bank Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Yorkshire Bank equity release the best?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
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. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
Learn More: What’s Equity Release & How Does It Work?
What About the Yorkshire Bank Equity Release Calculator?
Before you consider using the Yorkshire Bank equity release calculator, please take note.
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Yorkshire Bank's Equity Release & Lifetime Mortgage Schemes
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Who Are 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.
Its 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.
The bank offers a variety of products to fit your requirements, including:
- International Services
- Risk Management
- Retirement Plans
- Business and Private Wealth Management
Yorkshire has structured Virgin Money around three divisions – personal, mortgages, and business – offering a full range of products and services for consumers and small and medium-sized businesses, all delivered through their leading technology platform to provide customers with a consistent world-class experience.
The Group also has a Code of Conduct, which outlines the expectations of all workers in terms of duty and ethical behaviour. In addition, their ‘Supplier Code of Conduct’ paper outlines what they expect from all of their vendors.
Do you want to make a comparison between this firm and another? Try saga equity release calculator.
- Financial Conduct Authority
- Financial Services Authority
Yorkshire Bank Info
Got Questions About Yorkshire Bank & Lifetime Mortgages? Check These First
Is Yorkshire Bank A Member of the Equity Release Council?
Yorkshire Bank is not a member of the Equity Release Council.
What Are Yorkshire Bank's Interest Rates on Equity Release?
Until March 2018, Yorkshire Bank’s interest rates on their equity release plans were the same as those of Lloyds in terms of AER. They changed from 0.40% up to 2.01%.
Who Owns Yorkshire Bank?
Yorkshire Bank is one of the ten largest independent banks in the UK, and a subsidiary of CYBG. The other main company operating under the CYBG banner is Clydesdale Bank.
Where is Yorkshire Bank Located?
Yorkshire Bank has over 200 branches across the UK; it is one of the largest banking groups in the north of England. They’re based in Leeds, West Yorkshire.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
⚠️(Spoiler**) Most send us a personal thank you because we do such an incredible job – you’ve been warned. ⚠️
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.