Provisions on mortgage losses have gone from £25m in 2008 to £59m last year.
Gross mortgage lending at the UK’s second largest building society was £0.9bn for the year, while mortgage assets decreased by £1.3bn. The average LTV as at December 31 2009 was 52%.
The proportion of mortgages in arrears by three months or more was 1.84%.
Yorkshire is to merge with Chelsea on April 1. When the merger is complete, the enlarged Yorkshire Group will have approximately £35bn in assets, 178 branches and 75 agencies.
Iain Cornish, chief executive of Yorkshire Building Society, said: “We are seeing green shoots in the housing and mortgage markets and we are optimistic about the future prospects of the group and plan to prudently increase our lending in core prime residential mortgages.
