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

For loans up to 85% of property value

Product name	Residential fixed rate - 5 years Capital and Interest - over £1m CI1609
Initial rate	5.40%
Initial rate expires on	31st July 2029
Rate thereafter	Standard Variable Rate, currently 9.49%
Overall cost for comparison	7.90% 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 value	85%
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
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 permitted	Yes, 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

To discuss product and policy queries, or for advice on making an application, speak to your Clydesdale Bank and Virgin Money BDM.

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

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

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