Yorkshire Building Society has completed the acquisition of the Egg mortgage and savings book and the Egg brand.
The deal comprises a £2.1 billion savings book and £400 million mortgage book.
Egg savers and borrowers have now become members of the UK’s second largest society and Egg borrowers currently paying Egg Standard Variable Rate (SVR) or Egg Pi SVR have been automatically transferred onto Yorkshire’s lower SVR.
Iain Cornish, chief executive of Yorkshire Building Society, said: “The acquisition of the Egg mortgage and savings book adds further scale to our business and strengthens the long term position of the Society.
