Yorkshire building society
Accord will withdraw all of its products at 5pm today and relaunch a number of new deals on Monday.
Yorkshire Building Society posted a pre-tax loss of £12.5m for 2009, an improvement compared to a pre-tax loss of £22m for 2008.
Chelsea Building Society has posted a pre-tax loss of £27.1m for 2009, an improvement compared to a pre-tax loss of £39m in 2008.
Other Yorkshire building society articles
Phil Whitehouse takes a look at the history of consolidation in the building society sector
Yorkshire Building Society has launched its lowest ever two-year fixed rate mortgage at 3.09% along with a number of cuts across its range of fixed-rate products by up to 0.40%.
Yorkshire Building Society is launching a two-year fixed-rate mortgage at 3.29% up to 60% LTV with a £1,195 fee.
Yorkshire Building Society has added a new member-exclusive mortgage for those with a smaller deposit to its first time buyer range.
Chelsea Building Society members have overwhelmingly voted in favour of a merger with the Yorkshire Building Society at a special general meeting in Birmingham.
Building societies dominated the first Moneyfacts consistency survey of 2010, with 72.5% of the most consistent savings accounts offered by building societies.
Industry figures have suggested that lenders are cutting rates because economic conditions are becoming more comfortable.
Yorkshire Building Society has launched a one-year fixed-rate mortgage at 3.19% at up to 75% LTV with a £195 fee as part of cuts of up to 0.60% on its fixed and tracker products.
Last week’s Mortgage Solutions poll revealed that the vast majority of mortgage brokers expect there to be further mergers in the building society sector.
Building societies continue to play an important role in the mortgage market, accounting for 40% of best-buy product offerings, according to the latest research from Evaluate Technologies.
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