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Residential fixed rate - 5 years Capital and Interest - over £1m CI1609

For loans up to 85% of property value

Product nameResidential fixed rate - 5 years Capital and Interest - over £1m CI1609
Initial rate5.75%
Initial rate expires on
31st January 2029
Rate thereafterStandard Variable Rate, currently
9.49%
Overall cost for comparison8.10% APRC
Product fee£1,999
Legal and Valuation Fees

Purchases: None

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. This product is only available for remortgages

Maximum loan amount£1,500,000
Maximum loan to value85%
Minimum loan amount£80,000
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: None

Remortgage: One free valuation for properties up to £3m and includes a £500 cash back offer. At mortgage drawdown, the £500 will be credited to the account from which your mortgage payments will be taken.

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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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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