Yorkshire Building Society members have voted in favour of the merger between its society and the Chelsea Building Society. A majority of 86.68% of savers and 85.44% of borrowers passed the resolutions to merge with Chelsea.

These were smaller percentages that at the Chelsea, where a majority of 91.70% of savers and 90.07% of borrowers passed each of the resolutions to merge with the Yorkshire.

Iain Cornish, chief executive of Yorkshire Building Society, said: “The financial services market has changed fundamentally over the last two years and scale is increasingly important to the efficient operation of building societies and access to funding markets. Our members can