Clydesdale Bank announces fee free mortgages for first time buyers
16th May 2012
First Time Buyers mortgage rates reduced for 90% and 95% loans
Clydesdale Bank has launched a fee free mortgage offer* for first time buyers.
The fee free offer will mean a saving of £599 for those taking a 95% or 90% loan-to-value mortgage.
The Bank remains committed to helping potential homeowners take the first step onto the property ladder and has also reduced its rates for first time buyer mortgages to 5.99% for a 95% loan-to-value mortgage and 4.99% for a 90% mortgage.
In addition, the fee free first time buyer mortgages are available with Clydesdale Bank’s insurance with a 5% introductory discount* and two year* no claims discount of 10%. There are no valuation fees when using the Bank’s appointed panel of valuers.
The Bank currently offers a three year rate fixed at 5.99% for buyers with a 5% deposit and a three year fixed rate at 4.99% for buyers with a 10% deposit. First time buyers with larger deposits will also be able to take advantage of the fee free offer across a range of fixed and offset residential mortgages.
Clydesdale Bank mortgages for First Time Buyers
| Previous Rate | Standard Fee | New Rate | Special Offer | |
| 3 Year Fixed Rate - 95% LTV | 6.19% | £599 | 5.99% | £0 |
| 3 Year Fixed Rate – 90% LTV | 5.49% | £599 | 4.99% | £0 |
Steve Reid, Retail Director for Clydesdale Bank, said: “We understand how difficult buying a new home can be and we hope that our fee free offer and new rates will help even more potential buyers take their first step onto the property ladder.”
Clydesdale Bank has a range of competitive mortgages and for more information, please ask your local branch or contact 0800 22 24 26 or visit www.cbonline.co.uk
*Terms and conditions apply.
You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.