Clydesdale Bank announces the launch of Professional First Time Buyer Mortgages

In continuing to demonstrate our commitment to the intermediary market, we are delighted to announce the launch of our Professional First Time Buyer mortgages on Thursday 14 July.

14th July 2011

The two products available initially are:

• 2 year Fixed Rate maximum 90% LTV with an initial rate of 5.49% (the overall cost for comparison is 4.9% APR)
• 2 year Discounted Offset maximum 90% LTV with an initial rate of 4.49% (the overall cost for comparison is 4.7% APR)

The need for higher LTV products in specific sectors of the market is something many industry commentators have called for - with these new products, we believe that we are taking a very positive step towards meeting that need.

These products will only be available to applicants who are fully qualified and employed in the following occupations:

Actuaries; Architects; Accountants; Barristers; Chartered Surveyors; Dentists; Doctors; Optometrists; Pharmacists; Pilots; Solicitors and Vets.

For further information about these new products, please click here.

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