For loans up to 75% of property value
|Product name||Offset discounted OVR - 2 years Interest Only - Loans over £1m|
|Initial rate expires on|
30th September 2021
|Rate thereafter||Standard Variable Rate, currently |
|Overall cost for comparison||5.0% APRC|
|Option to add product fees to mortgage||Yes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type|
Available for purchase and remortgage, new applications and product transfer. Applicants must be aged 18 or over. All loans are subject to status. Security will be required
|Maximum loan amount||£2,000,000 - maximum LTV 75%|
£3,000,000 - maximum LTV 70% (no more than 65% LTV to be Interest Only)
Loans Over £3,000,000- maximum LTV 60% (no more than 55% LTV to be Interest Only)
|Maximum loan to value||75%|
|Minimum loan amount||£1,000,001|
|Early repayment charge||3% in year one|
2% in year two
|Special offers||Remortgage: Legal fees and valuation paid for remortgages only #|
At the end of the discounted period you can make extra payments or repay your whole mortgage without penalty.
Link up to six Clydesdale Bank current and savings accounts to save on interest payments and repay your mortgage early.
You can even combine your business credit balances – available to sole traders and simple partnerships (two or more people in business and with their mortgage together; for example, a husband and wife or civil partnership couple).
# Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) and one free valuation on properties worth £2m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available.