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Residential fixed rate - 2 years Interest Only - £500,000 and Over BO1374

For loans up to 75% of property value

Product nameResidential fixed rate - 2 years Interest Only - £500,000 and Over BO1374
Initial rate4.71%
Initial rate expires on
31st January 2027
Rate thereafterStandard Variable Rate, currently
8.99%
Overall cost for comparison8.60% APRC
Product fee£1,499
Option to add product fees to mortgageThe 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: No Incentives

Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors)

Eligibility

Applicants must be aged 18 or over. All loans are subject to status. Security will be required. This product is only available for remortgages

Maximum loan amount£1,000,000
Maximum loan to value75%
Minimum loan amount£500,000
Early repayment charge3% in year one
2% in year two
Special offers

Purchase: None

Remortgage: One free valuation for properties up to £3m.

Overpayment permittedYes, up to 10% of outstanding loan each year without penalty. After the fixed period you can make over payments without any restrictions.
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Our online application makes it quick and easy to apply for your customer

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To 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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To discuss applications already submitted, please call 0800 917 8363.*

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