For loans up to 65% of property value
|Product name||Residential fixed rate - 5 years Capital and Interest BO1600|
|Initial rate expires on|
31st March 2027
|Rate thereafter||Standard Variable Rate, currently |
|Overall cost for comparison||3.6% APRC|
|Option to add product fees to mortgage||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.|
|Legal and Valuation Fees|
Remortgages Switching Package:
Two months personal bank statements required where the mortgage is £1,000,000 or above.
The product fee for existing customers completing a product transfer is £999
Applicants must be aged 18 or over. All loans are subject to status. Security will be required
|Maximum loan amount|
The minimum loan size is £1,000,001. Maximum Loan Amounts are restricted by LTV criteria: Loans up to £3,000,000 - maximum LTV 65% Loans Over £3,000,000 - maximum LTV 60% (no more than 55% LTV to be Interest Only)
Where any element of the loan is interest only, the following criteria applies: Maximum Term: 25 years Minimum Income: £75k sole or £100k joint Maximum age & retirement: If downsizing is used as a repayment strategy, the maximum age is 70 and lending in/into retirement is not allowed.
|Maximum loan to value||65%|
|Minimum loan amount||£1,000,001|
|Early repayment charge||5% in years one and two|
4% in year three
3% in year four
2% in year five
|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.|
# 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.
Our online application makes it quick and easy to apply for your customerApply online
To discuss product and policy queries, or for advice on making an application, speak to your Clydesdale Bank and Virgin Money BDM.Find your BDMs Chat now
To discuss applications already submitted, please call 0800 917 8363.**Monday - Friday, 9.00am - 5.30pm, except Wednesdays, 9.30am - 5.30pm
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.