Clydesdale and Yorkshire Banks today (22 December) launched a £1000 cashback* mortgage offer for homebuyers, along with a number of new mortgage rates.
The new cashback offer is available across a range of new and existing fixed and variable rate mortgages for both First Time Buyers and those moving home.
Examples of £1000 Cashback eligible mortgages*:
|New customers||Existing mortgage customers|
|2 year residential fixed <=75%||2.79%||£0||£0|
|5 year residential fixed <=75%||3.59%||£0||£0||New|
|5 year residential fixed <=85%||3.49%||£999||£499||New|
|5 year residential fixed <=90%||3.99%||£999||£499||New|
|3 year residential fixed < =90% (min £150k)||3.44%||£999||£499||New|
**See Editors’ Notes for full list of eligible mortgage products.
The £1000 cashback offer will run until 28th February 2015 and is available for those borrowing between £50,000 and £1,000,000.
The new mortgage rates launched today include 2, 3 and 5 year fixed rate deals, some of which come with no arrangement fee, through branch and Direct Banking. (See Editors’ Notes for product details).
Steve Fletcher, Head of Clydesdale and Yorkshire Banks Retail Network, said: “We are providing a range of mortgages to meet the different needs of buyers at different points on the housing ladder. This £1000 cashback offer and the new rates are clear examples of support for homebuyers, whether they are looking to buy their first home or take the step to the next rung.”
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.