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Residential fixed rate - 2 years Capital and Interest - loans over £1m BO1381

For loans up to 80% of property value

Product nameResidential fixed rate - 2 years Capital and Interest - loans over £1m BO1381
Initial rate2.09%
Initial rate expires on
30th November 2023
Rate thereafterStandard Variable Rate, currently
4.55%
Overall cost for comparison4.2% APRC
Product fee£1,999
Legal and Valuation Fees

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

Eligibility

Applicants must be aged 18 or over. All loans are subject to status. Security will be required

Maximum loan amount£2,000,000. Different maximum LTVs apply if any part of the mortgage is Interest Only - Please see Interest Only products.
Maximum loan to value80%
Minimum loan amount£1,000,001
Early repayment charge3% in year one
2% in year two
Special offersRemortgage: Legal fees and valuation paid for remortgages only#
The product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV.
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

 

# New customers: 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 £3m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available.

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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For quick info on our products or lending policy, visit our product and lending criteria pages or use our live chat.

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

*Monday - Friday, 9.00am - 5.30pm, except Wednesdays, 9.30am - 5.30pm

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