Yorkshire and Norwich and Peterborough complete merger

by Aaron Strutt

Nov 04 2011

Yorkshire Building Society and Norwich and Peterborough Building Society (N&P) have completed their proposed merger.

The N&P brand will be retained and kept separate, within the Yorkshire group, in the same ways as the Chelsea and Barnsley Building Societies.

Ian Cornish, chief executive of the Yorkshire, told eveningnews24.co.uk: “We will be working to integrate the societies and make sure there is a seamless transition. Members using N&P's branches will still see the same name on the door and the same staff they know and value.”

Norwich and Peterborough's standard variable rate has been lowered to match the Yorkshire Building Societies and is now 4.99%. Existing N&P customers will see their monthly repayments reduce by £100 if they have a £100,000 mortgage.

04 November 2011