MSE News: What the Norwich & Peterborough takeover means for you

Former_MSE_Helen

This is the discussion thread for the following MSE News Story:

"N&P has this week been taken over by Yorkshire Building Society, which means big changes for its customers ..."

Read the full story:

What the Norwich & Peterborough takeover means for you

easteregg_2

One assumes there was no payout to savers or borrowers ? As a member of both Yorkshire Building Society and N&P Building Society I don't believe I was asked to vote for this ? Can anyone correct me if I'm wrong here.

premierfella

No payout.
N&P vote was 22 August (as is the norm no vote was necessary at Yorkshire).
I have/had accounts with both an received all correspondence in relation to the merger and the N&P vote.

callum9999

It doesn't bother me either way as I don't live remotely close to any branches of either organisation, but was access to YBS branches not touted as a good reason to vote for the merger by N&P? That sounds a little deceitful (unless I've imagined this!).

aldredd

Hoping N&P don't drop their free card use overseas - only reason I opened an account with them!
(I suspect it's gaining them a lot of new custom, so hopefully they'll keep it!)

s_b

i find it really weird that we went for an obscure lender and now its part of yorkshire
good thing is weve gone down to 4.99 so no tears lost here

christineperseus

Just gone and checked rates.
With Peebo we were paying base rate + .59% for term - capped at 3%
Yorkshire minimum interest rate is 3.19% - so an increase for me!!!:mad:

catwoman150

easteregg wrote: »

One assumes there was no payout to savers or borrowers ? As a member of both Yorkshire Building Society and N&P Building Society I don't believe I was asked to vote for this ? Can anyone correct me if I'm wrong here.

I am a member of both and I was asked about the takeover. They sent out letters and voting forms earlier this year. I think that all savers must have got one.