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For loans up to 95% of property value
| Product name | Newly qualified professional residential fixed rate - 5 years Capital and Interest |
| Initial rate | 3.79% |
| Initial rate expires on | 30th November 2023 |
| Rate thereafter | Standard Variable Rate, currently 5.20% |
| Overall cost for comparison | 4.7% APRC |
| Arrangement fee | £0 |
| Option to add arrangement fees to mortgage | Yes the arrangement fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type |
| Legal and Valuation Fees | For more information visit Valuation Fees page |
| Eligibility | Available for purchase applications only. Applicants must be aged 18 or over. All loans are subject to status. Security will be required. Not available for business purposes. This product 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. |
| Maximum loan amount | £600,000 |
| Maximum loan to value | 95% |
| Minimum loan amount | £80,000 |
| Early repayment charge | 5% in years one and two 4% in year three 3% in year four 2% in year five |
| Special offers | £0 arrangement fee Purchase: One free valuation Remortgage: This product is only available for purchase applications# |
| Overpayment permitted | Yes, up to 10% of outstanding loan each year without penalty. After the fixed period you can make over payments without any restrictions. |
| Apply now |
# The switching package is only available to applicants moving their mortgage from another lender. If the property is unencumbered or the transaction is a purchase, a free 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. Further information on valuation fees.
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Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 30 St Vincent Place, Glasgow G1 2HL.
