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Britannia and Yorkshire to share branches

Britannia and Yorkshire building societies, the second and third largest societies in the UK once Bradford & Bingley converts, have agreed to share each other’s branches.

From early next year, customers of the two societies will be able to pay into or withdraw from mortgage and savings accounts, free of charge, in 322 branches across the country.

The societies say that although they have no plans to merge, they will look for other ways to work together.

Britannia says the agreement is "purely transactional" and has as yet no implications for the financial advice sector.

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