Bank of England Base Rate Decrease Announcement
On 4 August 2016, the Bank of England announced that the current Bank Base Rate would decrease with immediate effective from 0.50% to 0.25%. This is the first change since 5 March 2009.
We have reviewed our position regarding our mortgage Standard Variable Rates (SVR) and are pleased to announce that we are reducing the SVRs across the Yorkshire Building Society Group by 0.25%. The date of this change will be 11th September for Accord, CBS and YBS and 13th September for N&P. Accord Mortgages SVR will change from 5.79% to 5.54%.
We have provided a list of frequently asked questions for both mortgages and savings customers to answer any questions you have about the bank rate decrease or our SVR change.
Important notice for brokers and customersBetween Saturday 27th and Monday 29th August, we are making changes to our computer systems. Find out how our services are affected
Our service standards
Average speed of application to offer last week
|Valuations instructed:||Within 24 hours of receiving your application and the valuation fee|
|Lending decision referral:||Within 3.5 working hours|
|Telephone waiting time:||Up to 10 seconds to answer|