For loans up to 80% of property value
|Product name||Residential fixed rate - 5 years Interest Only|
|Initial rate expires on|
31st December 2025
|Rate thereafter||Standard Variable Rate, currently |
|Overall cost for comparison||3.7% 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|
Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors
Applicants must be aged 18 or over. All loans are subject to status. Security will be required
|Maximum loan amount||£499,999|
|Maximum loan to value||80%|
|Minimum loan amount||£80,000|
|Early repayment charge||5% in years one and two|
4% in year three
3% in year four
2% in year five
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 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.
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.