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Our team is your team

We want to lay the foundations to help your clients buy their new build home and support the market.

Clydesdale Bank understand the time sensitive nature of new build applications and our standalone case management team allows them to take priority.

Our expertise in the market can help ensure that your clients will meet the criteria before submission. What’s more, to provide an indication of affordability for your residential C&I cases, we have an Agreement in Principle calculator.


Definition
New Build LTVs
New Build Warranty
New Build Offers
New Build Incentives
  • A property will be defined as new build if it satisfies any of the following criteria:

    • A property not previously occupied. For converted properties, it is where the property has not been occupied since the conversion was undertaken;
    • A property being sold or marketed by the builder or developer (regardless of whether it has been previously tenanted);
    • Built within the 2 years preceding the mortgage application;
    • Converted into a flat within the 2 years preceding the mortgage application as part of the conversion of a former mill, factory, school, church, council tower block (for example).
  • Residential
    Buy to Let
    House
    90%
    80%
    Flat
    80%
    70%
  • A new build property must be covered by an NHBC Certificate or an equivalent form of guarantee cover. Acceptable policies for lending purposes can be viewed on the CML lenders handbook.

  • Our offers are valid for 180 days. Once expired the offer cannot be extended and a new application with supporting documentation must be submitted. Offers may include a retention of funds depending on the condition of the property at valuation - please be sure to check the mortgage offer for details.

  • Builder incentives considered on a case by case basis, e.g. stamp duty, legal fees. To discuss incentives further please call the new business enquiries team on 0800 085 2846.


Quick links

Our online application makes it quick and easy to apply for your customer

Apply online

Lending Policy & New Business enquiries

Call us on
0800 085 2846

Monday - Friday, 9.00am - 5.30pm

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