Mortgages for Professionals

Your Mortgage magazine has named Yorkshire and Clydesdale Bank as the "Best Regional Mortgage Lender". The lender's offsetting scheme, which is particularly appropriate as a professional mortgage option, was highly commended. The scheme allows customers with a large amount of savings to offset funds against mortgage payments so that interest is only paid on the difference. "Yorkshire Bank has demonstrated to our judges that it has, not only acknowledged, but also been at the forefront of these changes, particularly in the development of flexible mortgages," said Pauline McCallion, editor of Your Mortgage. "This coupled with the service and local knowledge it offers mortgage customers has made it a winner." Yorkshire and Clydesdale Bank is the UK subsidiary of Australia Bank and recently demonstrated its resilience to the credit crunch by recording pre-tax profits of 16 per cent. The lender has come a long way since 2003 when it has named by price comparison website Moneysupermarket as having the worst value internet loan rate.