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For loans up to 90% of property value
| Product name | First time buyer - Residential fixed rate - 2 years under £540,000 Full C&I |
| Initial rate | 2.89% |
| Initial rate expires on | 31st July 2023 |
| Rate thereafter | Standard Variable Rate, currently 4.55% |
| Overall cost for comparison | 4.4% APRC |
| Product fee | £1999 |
| 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 | For more information visit Valuation Fees page |
| Eligibility | This product is for first time buyers only. Applicants must be aged 18 or over. All loans are subject to status. Security will be required This product may only be used where the whole of the mortgage is on a Capital & Interest repayment basis. If any element of Interest Only is required, products which allow Interest Only must be selected for all parts of the mortgage. |
| Maximum loan amount | £540,000 |
| Maximum loan to value | 90% |
| Minimum loan amount | £80,000 |
| Early repayment charge | 3% in year one 2% in year two |
| Special offers | Purchase: One free valuation 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 Properties over £3m – No incentives All incentives are subject to qualifying criteria being met The product fee for existing customers completing a product transfer is £999 |
| 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 |
Our online application makes it quick and easy to apply for your customer
Apply onlineFor lending policy and new business enquiries, speak to your Clydesdale Bank and Virgin Money BDM, or live chat with us.
Chat nowIf you are not an intermediary of the Bank, you should not refer to the information contained in this website. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise retail clients, you must ensure it conforms to the Financial Conduct Authority's mortgage conduct of business rules. This site is intended for UK residents (who are intermediaries of the Bank) unless otherwise stated.
Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 30 St Vincent Place, Glasgow G1 2HL.
