For loans up to 90% of property value
|Product name||Exc Residential fixed rate - 2 years Capital and Interest - loans under £450,000 - Full C&I CI1383|
|Initial rate expires on|
31st July 2023
|Rate thereafter||Standard Variable Rate, currently |
|Overall cost for comparison||4.4% APRC|
|Option to add product fees to mortgage||Yes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type|
|Legal and Valuation Fees|
For more information visit Valuation Fees page
This product may only be used where the whole of the mortgage is on a Capital & Interest repayment basis. If any element of Interest Only is required, products which allow Interest Only must be selected for all parts of the mortgage.
|Maximum loan amount||Loan Amounts:|
The min. loan size is £80,000 The max. loan size is £450,000 The max. LTV is 90%
|Maximum loan to value||90%|
|Minimum loan amount||£80,000|
|Early repayment charge||3% in year one|
2% in year two
|Special offers||Purchase: One free valuation Remortgage: One free valuation for properties up to £3m Free standard legals excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m Properties over £3m – No incentives All incentives are subject to qualifying criteria being met The product fee for existing customers completing a product transfer is £999|
|Overpayment permitted||Yes, up to 10% of outstanding loan each year without penalty. After the fixed period you can make over payments without any restrictions.|
For all lending policy and new business enquiries:
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: 30 St Vincent Place, Glasgow G1 2HL.