Yorkshire Building Society and Accord won’t ask questions about Ukraine scheme

Mortgage holders with Yorkshire Building Society don’t need to notify the lender that they are participating under the Homes for Ukraine scheme.

The same applies to the building society’s subsidiary, Accord Mortgages.

The lender said it wanted to “remove any barriers” for people to take in Ukrainian refugees.

Ben Merritt, director of mortgages at YBS, said: “Since the government announced the creation of the Homes for Ukraine scheme we’ve worked on making it as easy and simple as possible for those who want to help to do so.

“This takes away any further administration for borrowers that are helping people in unimaginable situations. We’ve been supporting people to have a place to call home for 158 years and we see this as enabling our customers to do the same for Ukrainian refugees.”

Meanwhile Jeremy Duncombe, managing director at Accord Mortgages, said: “Since the UK government announced the creation of the Homes for Ukraine scheme we’ve been committed to supporting any of our borrowers who wish to open their homes to those fleeing the horrendous conflict in Ukraine.”

Last year the Building Societies Association (BSA) pledged that societies would be “flexible and pragmatic” when it comes to mortgage holders helping Ukrainians.

However the association insist that borrowers must continue to make full mortgage payments while using the scheme, while the BSA doesn’t support applications to help Ukrainians where the borrower is in more than six months’ rental arrears.

The association said it was up to lenders to make their own decision on whether borrowers are required to inform them if they are participating in the scheme.

Buy-to-let landlords shouldn’t charge rent when using the scheme, which means normal tenancy rights will not be created.

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