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Yorkshire BS or The Chelsea?
Thesnowman_2
Posts: 26 Forumite
We are about to make a mortgage application. The lowest 5 year fixes appear to be 2.69 with Yorkshire Building Society and The Chelsea. We were going to make an application to both to see exactly how much they would lend us but I've just noticed that they are owned by Yorkshire. Given that there isn't much difference in fees, does anyone know which one is the more efficient in terms of timing/good experience and who is more likely to lend us the figure we need, approximately 45%LTV?
Thanks
Thanks
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Comments
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Ive only ever used Accord which is part of yorkshire and i wont be using them again.
I suspect as they have now been part of the same company for a year or so most of it will have merged meaning your probably going to get te same experience whichever you use.
I could be wrong.
If this is a remortgage its not a major issue, if its a purchase i would consider looking at other lenders.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Accord is more for BTL properties ? Is it not?
I have been a YBS customer for last 9 years and no problems BUT I hope you have excellent credit history and they can be mean on Income X lending0 -
No, they do residential mortgages also.
I cant comment on YBS specifically, but Accord i would'nt touch again. It would have to be a massive mortgage otherwise its just not worth the hassle, i would rather turn the business away!I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
With that 5.99% SVR you shouldn't have to turn business away. Borrowers should be asking themselves what happens if they can't remortgage for some reason, when their initial deal ends...
Accord just isn't worth 0.2% or 0.3% here and there, for that reason alone.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Chelsea SVR 5.79% and YBS 4.99% OUCH !
Accord is 5.99% OUCH !!!0 -
I found ybs very quick and effiecient. FTB mortgage offer recieved within a week. Although they did like to go through everything in minute detail and that was at 50% LTV.0
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