We’ve got good news about our New Build and Newly Qualified Professional mortgages, take a look at what’s new.
We now accept cash incentives of as much as 5% of the purchase price up to 90% LTV. This includes cashback deals, stamp duty contributions and payment of professional fees.
What’s more, we also accept non-cash incentives without impacting the loan amount.
We’ve reduced the minimum income required for Newly Qualified Professionals from £40k to £30k so we can say yes to more customers.
Eligible customers taking one of our NQP products benefit from enhanced income multiples of up to 5.5x. Check out our criteria for more information and a full list of accepted occupations.
Our new lending criteria is now live and our affordability calculator and AIP are in the process of being updated. If you’ve got any questions, you can get in touch with your Business Development Manager.
If 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: 177 Bothwell Street, Glasgow G2 7ER.
