The Yorkshire Building Society is bringing its three separate mortgage businesses together under a single ‘Homes’ division.
It says this is laying the foundation for simpler processes, faster decisions, and more consistent outcomes that deliver greater value for customers and brokers, and is the beginning of a journey to create a fully connected experience across all aspects of home ownership.
The changes will also enable more development and innovation in ways similar to its £5K deposit mortgage, launched in 2024, ensuring it continues to deliver solutions that meet evolving customer needs.
As part of this transformation, Tom Simpson will become Managing Director of Homes, leading the new division and overseeing strategy, proposition, and distribution across Yorkshire Building Society, Accord Mortgages, and YBS Commercial.
This includes oversight of mortgage advice and Intermediary partnerships, ensuring a consistent approach to growth and customer experience across all brands.
Yorkshire Building Society, Accord and YBS Commercial brands will remain, but the new division will unite the residential, specialist, buy to let and commercial mortgages lending functions under one roof.
Simpson says: “I’m delighted to take on this new role at such an exciting time. By bringing together three successful businesses, we can deliver a simpler, more connected experience and respond quickly to changing needs. Our ultimate goal is to make home ownership easier and more accessible, and this transformation gives us the tools to do just that.”
Simon Watson, Chief Customer Officer, adds: “ This transformation is about making life easier for our customers. By simplifying how we work and connecting our expertise, we can respond faster, innovate more effectively, and deliver mortgage solutions that truly make a difference. Whether it’s buying a first home, investing in property, or managing specialist needs, customers will benefit from a more joined-up approach.”
As part of the transition, Angela Norman will continue as Managing Director of YBS Commercial, and Jeremy Duncombe will continue as Managing Director of Accord Mortgages, both playing key roles within the Homes leadership team.
The transition to the new structure will be complete by January 1.
