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Professional residential fixed rate - 5 years Capital and Interest CI1640

For loans up to 75% of property value

Product nameProfessional residential fixed rate - 5 years Capital and Interest CI1640
Initial rate4.22%
Initial rate expires on
31st January 2030
Rate thereafterStandard Variable Rate, currently
8.99%
Overall cost for comparison7.10% APRC
Product fee
£0
Option to add product fees to mortgageThe product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV.
Legal and Valuation Fees

Purchases: Free Valuation for new customers

Re-mortgages: Free valuation and free legal fees(if using banks own solicitors)

Eligibility

Applicants must be aged 18 or over. All loans are subject to status. Security will be required. Not available for business purposes.

To qualify, one or more of the applicants must be fully qualified and employed in the following occupations: Accountants, Architects, Barristers, Chartered Surveyors, Engineers, Financial Advisers (including Mortgage Advisors), Medical (Ambulance Workers, Dentists, Doctors, Nurses, and any NHS band 3+ or non-NHS equivalent), Pilots, Police Officers, Solicitors, Teachers, Vets.

Maximum loan amount£1,000,000
Maximum loan to value75%
Minimum loan amount£100,000
Early repayment charge5% in years one and two
4% in year three
3% in year four
2% in year five
Special offers

Purchase or Unencumbered: One free valuation for properties up to £3m

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

Overpayment permittedYes, up to 10% of outstanding loan each year without penalty. After the fixed period you can make over payments without any restrictions.
Apply now

# Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) and one free valuation on properties worth £2m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available. Further information on valuation fees.

Quick links

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

Apply online

To discuss product and policy queries, or for advice on making an application, speak to your Clydesdale Bank and Virgin Money BDM.

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To discuss applications already submitted, please call 0800 917 8363.*

*Monday - Friday, 9.00am - 5.00pm, except Wednesdays, 9.30am - 5.00pm

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