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Residential fixed rate - 5 years Capital and Interest BO1600

For loans up to 65% of property value

Product nameResidential fixed rate - 5 years Capital and Interest BO1600
Initial rate3.25%
Initial rate expires on
30th September 2027
Rate thereafterStandard Variable Rate, currently
Overall cost for comparison4.4% APRC
Product fee
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

Remortgages Switching Package:
Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) and one free valuation.
Properties up to £3m – One free valuation. If the property to be mortgaged is currently unencumbered then a free valuation is available.

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 £10,000,000 - maximum LTV 60%
Loans up to £5,000,000 - maximum LTV 75%

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 value65%
Minimum loan amount£1,000,001
Early repayment charge5% in years one and two
4% in year three
3% in year four
2% in year five
Overpayment permittedYes, up to 10% of outstanding loan each year without penalty. After the fixed period you can make over payments without any restrictions.
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Our online application makes it quick and easy to apply for your customer

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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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