For loans up to 75% of property value
| Product name | Professional residential fixed rate - 5 years Capital and Interest CI1640 |
| Initial rate | 4.54% |
| Initial rate expires on | 31st January 2030
|
| Rate thereafter | Standard Variable Rate, currently 8.24% |
| Overall cost for comparison | 6.80% APRC |
| Product fee | £0 |
| Option to add product fees to mortgage | The product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV. |
| Legal and Valuation Fees | Purchases: Free Valuation for new customers Re-mortgages: Free valuation and free legal fees(if using banks own solicitors) |
| Eligibility | Applicants must be aged 18 or over. All loans are subject to status. Security will be required. Not available for business purposes. To qualify, one or more of the applicants must be fully qualified and employed in the following occupations: Accountants, Architects, Barristers, Chartered Surveyors, Engineers, Financial Advisers (including Mortgage Advisors), Medical (Ambulance Workers, Dentists, Doctors, Nurses, and any NHS band 3+ or non-NHS equivalent), Pilots, Police Officers, Solicitors, Teachers, Vets. |
| Maximum loan amount | £1,000,000 |
| Maximum loan to value | 75% |
| Minimum loan amount | £100,000 |
| Early repayment charge | 5% in years one and two 4% in year three 3% in year four 2% in year five |
| Special offers | Purchase or Unencumbered: One free valuation for properties up to £3m Remortgage: One free valuation for properties up to £3m. Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m |
| 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 |
# 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. Further information on valuation fees.
Our online application makes it quick and easy to apply for your customer
Apply onlineTo discuss product and policy queries, or for advice on making an application, speak to your Clydesdale Bank and Virgin Money BDM.
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Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 177 Bothwell Street, Glasgow G2 7ER.
