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Clydesdale and Yorkshire Banks launch fee-free mortgages for FTBs

by: Paula John
  • 16/05/2012
  • 0
Clydesdale and Yorkshire Banks launch fee-free mortgages for FTBs
Sister banks Clydesdale and Yorkshire have waived the £599 fees previously payable on first-time buyer mortgages for those taking out a 95% or 90% Loan to Value (LTV) mortgage.

They have also reduced the interest rates payable for first-time buyer mortgages to 5.99% for a 95% LTV mortgage and 4.99% for a 90% mortgage.

There are no valuation fees when using the Banks’ appointed panel of valuers.

The deals available now include 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.

The deals are available direct only.

First-time buyers with bigger deposits are also being offered fee-free deals on a range of fixed and offset mortgages.

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.”

At the beginning of May, Halifax offered to pay half of first-time buyer’s Stamp Duty bills on homes worth up to £250,000.

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