
Stamp Duty still viewed as major cost barrier, YBS says
Nearly a quarter of first-time buyers (23%) said Stamp Duty is a barrier to them personally buying a home, rising to almost a third (31%) of second-steppers.

Nearly a quarter of first-time buyers (23%) said Stamp Duty is a barrier to them personally buying a home, rising to almost a third (31%) of second-steppers.

Catherine Mather will lead residential mortgages, while Sophia Kettle will lead buy-to-let.

Two-fifths (40%) of current homeowners felt the same, with affordability issues and large deposit requirements (39%) seen as the main barriers.

The campaign, titled 'Here for every stage', launches across TV, digital, video-on-demand and social media from today, 3rd August.

Hull was identified as the most affordable location, with an average house price of £133,000, followed by Redcar and Cleveland (£155,000).

The mutual grew mortgage balances by 0.8% to £52.3bn and savings balances by 0.9% to £54.5bn compared with the end of 2025.

Yorkshire Building Society analysis of CACI data found first-time buyer mortgage applications fell 9.1% year on year in Q2 2026, suggesting uncertainty may be weighing on confidence.

Kate Davies said: "Today's younger generations could face a wealth gap of up to £1.6 million by retirement if they never get onto the housing ladder.”

The mutual's latest report, 'No way home? Restoring Britain's Housing Ladder', found 88% of UK adults believe homeownership is important.

The overnight climb of Mount Snowdon, combined with previous fundraising, sponsorships and branch events, helped reach the milestone.

Barry O’Dwyer and Philippa Brown will join the board as independent non-executive directors.

42% of consumers would trust their bank, building society or retailer less if it only offered life insurance from one insurer.
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