Clydesdale and Yorkshire Banks Launch Range of New Mortgages
20th October 2014
Clydesdale and Yorkshire Banks today (20.10.14) launched a new range of mortgages including a ‘pay your mortgage for a month’ offer, where cashback will be offered equivalent to one monthly mortgage payment*, and no arrangement fees**.
There are a number of competitive mortgages fixed for two and five years which come with the ‘pay your mortgage for a month’ offer* and no arrangement fees**.
Examples of ‘Pay Your Mortgage for a Month’ Offer Mortgages* – No Arrangement Fee**
| Product | Rate | Pay your mortgage for a month offer |
|---|---|---|
| Two year residential fixed <90% | 3.59% | Yes |
| Two year residential fixed <85% | 3.29% | Yes |
| Five year residential fixed <90% | 4.39% | Yes |
| Five year residential fixed <85% | 4.29% | Yes |
| Three year residential fixed First Time Buyer <90% | 3.59% | Yes |
The Banks also offer a range of mortgages fixed for two or five years with an arrangement fee of £999 and the ‘pay your mortgage for a month’ offer*
Examples of Standard Fee Mortgages with ‘Pay Your Mortgage for a Month’ Offer*
| Product | Rate | Arrangement Fee | Pay your mortgage for a month offer |
|---|---|---|---|
| Two year residential fixed <90% | 3.39% | £999 | Yes |
| Two year residential fixed <85% | 2.89% | £999 | Yes |
| Five year residential fixed <90% | 4.19% | £999 | Yes |
| Five year residential fixed <85% | 3.99% | £999 | Yes |
Steve Fletcher, Head of Clydesdale and Yorkshire Banks Retail Network, said: “Whether you are moving into a new home or simply re-mortgaging we understand that everyone has different needs and requirements. Our new range of mortgages has been created to support homeowners with competitive rates while we also pay your mortgage for a month.”
The ‘pay your mortgage for a month’ offer will run until 28th November 2014 and a minimum loan amount of £25,000 applies in order to qualify for the offer.
For more information, customers can contact their local branch on 0800 22 24 26 for Clydesdale Bank or 0800 20 21 22 for Yorkshire Bank or visit www.cbonline.co.uk or www.ybonline.co.uk
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.