19th August 2013
Low Start mortgage rates now start from 2.59% for 3 year fixed rate, 60% LTV.
This innovative product offers an initial interest-only fixed rate period of 3 years before the repayments automatically revert to our Standard Variable Rate (currently 4.95%) on capital and interest for the remainder of the mortgage term. The products are available for both purchase and remortgage up to 80% LTV. The minimum loan size is £100,000.
The mortgage will appeal to any of your clients who want to minimise their repayments in the first 3 years of their mortgage term whilst providing assurance that their mortgage will be repaid in full by the end and is based on a 3 year residential fixed rate, tiered across four LTV’s.
There is a fixed arrangement fee for the Low Start Mortgage product of £999 for loans up to £500,000 and £1499 for loans between £500,001 and £1,000,000.
For more information please visit the Low Start summary page or speak to your Relationship Partner
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Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 30 St Vincent Place, Glasgow G1 2HL.