Clydesdale Bank Launch Newly Qualified Professional Products

10th July 2018

Introducing our Newly Qualified Professional products

Great news! We’re pleased to advise that we’ve launched a range of products for Newly Qualified Professionals.

Eligibility

This product range is only available where one or more of the applicants has become fully qualified within the last 5 years and is employed in one of the following professions: Accountants, Architects, Barristers, Chartered Surveyors, Dentists, Medical Doctors, Pharmacists, Pilots, Solicitors, Vets, with a current income of £40K or more.

Product benefits

The products benefit from some exclusive features:

Enhanced income multiples available of up to 5.5x for eligible newly qualified professional applicants.
Up to 95% LTV available for FTBs or Home Movers.
Up to 95% LTV available with an enhanced maximum loan size of £600k.

For joint applications where only one applicant is a newly qualified professional, standard multiples apply to the additional applicant’s income. Subject to affordability assessment.

More about our new product range…

Our Newly Qualified Professional product range will cover residential capital & interest 2, 3 and 5 year fixed rates for LTVs up to 85%, 90% and 95% plus there are more great features.

No arrangement fee
Purchase & remortgage applications benefit from one free valuation for property values up to £2m.
Remortgage applications also benefit from fee assisted legal fees.*
Minimum loan size £80,000. Maximum loan size £600,000.
LTVs up to 90% available for purchase and remortgage. LTVs over 90% limited to purchase only.

Our Product Rates

Product	Rate
2 Year Fixed to 85% LTV	2.14%
2 Year Fixed to 90% LTV	2.49%
2 Year Fixed to 95% LTV	3.59%
3 Year Fixed to 85% LTV	2.39%
3 Year Fixed to 90% LTV	2.69%
3 Year Fixed to 95% LTV	3.69%
5 Year Fixed to 85% LTV	2.69%
5 Year Fixed to 90% LTV	2.99%
5 Year Fixed to 95% LTV	4.09%

_{*Please note that the switching package is only available to applicants moving their mortgage from another lender. If the property to be mortgaged is unencumbered then a free standard valuation is available. Free valuations are available on properties worth £2m, or less. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package.}

If you have any questions, please contact your Relationship Manager.

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