New mortgages for when relationships break up
Yorkshire Building Society is offering an innovative type of mortgage for when partnerships go wrong.
Dividing up the CD collection can be stressful enough, so the mortgage is designed to lessen the stress for divorcing couples or those who have been co-habiting.
It allows one home to be divided into two, with one fixed rate and one stepped tracker rate.
Features also include 0 per cent interest for the first six months, a 100 per cent loan if required, and access to a free counselling service.
Rachel Court, head of mortgages at the Yorkshire, said that the bank realised how difficult it can be to find advice when dividing a shared home.
"We have spent a long time researching and developing our Fresh Start products, which primarily help people finance a new home, but also provide access to independent professionals who can provide expert advice to help deal with the wider aspects of a break up," she commented.
While Fresh Start has been designed for people who have recently divorced or separated, the products are available to all new and existing borrowers, whatever their circumstances. | 
