For loans up to 95% of property value
|Product name||Newly qualified professional residential fixed rate - 3 years Capital and Interest|
|Initial rate expires on|
30th April 2022
|Rate thereafter||Standard Variable Rate, currently |
|Overall cost for comparison||4.8% 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|
Available for purchase applications only. Applicants must be aged 18 or over. All loans are subject to status. Security will be required. Not available for business purposes.
This product is only available where one or more of the applicants has become fully qualified within the last 5 years and is employed in one of the following professions: Accountants, Architects, Barristers, Chartered Surveyors, Dentists, Medical Doctors, Pharmacists, Pilots, Solicitors, Vets, with a current income of £40k or more.
|Maximum loan amount||£600,000|
|Maximum loan to value||95%|
|Minimum loan amount||£80,000|
|Early repayment charge||5% in year one|
4% in year two
3% in year three
£0 product fee Purchase: One free valuation Remortgage: This product is only available for purchase applications#
|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.|
# The switching package is only available to applicants moving their mortgage from another lender. If the property is unencumbered or the transaction is a purchase, a free valuation is available. Free valuations are available on properties worth £2m, or less. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package. Further information on valuation fees.
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.