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Clydesdale Bank launches first-time buyer range

by: Mortgage Solutions
  • 16/02/2017
  • 0
Clydesdale Bank launches first-time buyer range
Clydesdale Bank is waiving the valuation fee on first-time buyer products for a short period.

Clydesdale Bank’s products include:

• A first-time buyer two-year fix to 95% LTV reduced from 3.69% to 3.59%
• A first-time buyer three-year fix to 90% LTV with a rate of 2.89%
• A first-time buyer three-year fix to 95% LTV with a rate of 3.99%

These products have no arrangement fee and a free valuation.

The bank can lend up to five times the income (sole or joint) of mortgage applicants, dependent on overall affordability. This also applies to higher loan-to-values and loan sizes, so brokers can serve a wider range of customers.

Using Clydesdale Bank’s Agreement in Principle tool, brokers can find out how much the bank can lend their customers in a matter of minutes.

At the same time the bank is also reducing rates across its mortgage range by up to 0.50%.

The reductions across buy-to-let rates include and a two-year fixed to 60% LTV reducing from 2.69% to 2.59% and at 75% LTV, reducing from 2.99% to 2.79%.

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