Skipton Building Society has announced plans to merge with Chesham to create an enlarged society with over £15 billion of assets and a 92-strong branch network.
Thousands of homeowners could see their mortgage repayments jump by more than £2,000 a year after Skipton Building Society confirmed it will hike the cost of its standard variable rate.
Capital One has announced it is selling its savings business to Skipton Building Society, prompting concerns that savers could end up losing their protection under the compensation scheme.
