Buying a house for the first time can be a little daunting. It’s a bit like the first time you do anything, whether that’s riding a bike or falling in love. But once you’ve gained confidence, these occasions are some of the most momentous, exciting moments of your life. From starting out to completing the deal, we’ll help you at each stage of your journey to buying your first house - and making it your home.
Your home may be repossessed if you do not keep up repayments on your mortgage
Our first-time buyer mortgage products offer some help to get you on the property ladder. Plus, you can be reassured that we can help make buying your first home as straightforward as possible and get you off to the best possible start. To qualify for the Clydesdale Bank first time buyer mortgage products, you must be aged 18 or over. At least one party to the mortgage should never have had a mortgage or not had a mortgage in the last 12 months. All loans are subject to status and security will be required.
Maximum first-time buyer mortgage loan amount is £999,999.
* Applies to new home insurance customers who have not claimed on their home insurance in the past 4 years and may not be used in conjunction with any other offer.
A mortgage of £102,613 payable over 29 years, initially on a fixed rate of 3.69% for 3 years and then our Standard Variable Rate, currently 4.95%, for the remaining 25 years. This would require 37 monthly payments of £483.14 and then 305 monthly payments of £551.11 plus one final payment of £545.73.
The total amount payable would be £186,705.46 made up of the loan amount plus interest (£83,897.46), arrangement fee (£0), valuation fee (£0), CHAPS/telegraphic transfer fee (£0) and security release fee (£195).
The overall cost for comparison is 4.7% APRC representative.
Please review our table of mortgage products. Refer to “customer type” column on the table of mortgage products for specific first time buyer products. Other mortgages are available for those buying their first home however the above first time buyer mortgage product benefits only apply to first time buyer specific mortgages.
Arrange a branch or phone appointment with one of our mortgage advisors.
Complete our online form and we'll call you back to discuss your enquiry.
We know saving for a deposit for your first home is difficult. With a Help to Buy ISA, the government will pay a bonus of 25% on account balances between £1,600 and £12,000 when you purchase your first home in the UK. Terms and conditions apply, this bonus amount is paid directly to the conveyancer and is not released if the house purchase is not completed. Only available for house purchases under £250K (or under £450K in London). Withdrawing from your ISA will reduce your balance saved and impact the bonus the government will pay.
Please refer to our Help to Buy: ISA webpage for more details#
# There are eligibility criteria restrictions and terms & conditions for the Help to Buy: ISA. The account holder must be a UK resident. The product is only available to first time buyers who have never owned a property.
You can also refer to www.helptobuy.gov.uk to understand more about the benefits provided by the government.
We’ve created a range of tools and guides to help you understand the mortgage process.
Make sure you’re aware of the costs of buying a home and how many factors can influence the mortgage rate you get.