Clydesdale Bank waives valuation on first-time buyer products

Ryan Bembridge

February 16, 2017

Clydesdale Bank is waiving the valuation fee on first-time buyer products for a limited time.

Starting today, Clydesdale Bank’s first-time buyer products include 2-year fixed to 95% loan-to-value (LTV), reduced from 3.69% to 3.59% and 3-year fixed rate to 90% LTV with a rate 2.89%.

Another first-time buyer product available includes a 3 year fixed to 95% LTV with a rate of 3.99% and all products have no arrangement fee with free valuation.

Clydesdale Bank launches new mortgage specials

The bank can lend up to five times the income of mortgage applicants dependent on overall affordability which also applies to higher LTVs and loan sizes so brokers can serve a wider range of customers.

The reductions across residential rates include:

  • 2 year fixed to 75% LTV reducing from 1.49% to 1.34%
  • 2 year fixed to 80% LTV reducing from 1.59% to 1.39%
  • 2 year fixed to 60% LTV (fee offer) reducing from 1.69% to 1.59%
  • 2 year fixed to 75% LTV (fee offer) reducing from 1.79% to 1.69%
  • 2 year fixed to 75% LTV (£1m+) reducing from 1.89% to 1.74%
  • 2 year fixed to 80% LTV (£1m+) reducing from 1.99% to 1.79%
  • 5 year fixed to 75% LTV reducing from 2.19% to 2.04%
  • 5 year fixed to 80% LTV reducing from 2.29% to 2.19%
  • 5 year fixed to 75% LTV (£1m+) reducing from 2.39% to 2.29%
  • 5 year fixed to 80% LTV (£1m+) reducing from 2.49% to 2.39%

The reductions across buy-to-let rates include:

  • 2 year fixed to 60% LTV reducing from 2.69% to 2.59%
  • 2 year fixed to 75% LTV reducing from 2.99% to 2.79%
  • 2 year fixed to 60% LTV (fee offer) reducing from 3.09% to 2.79%
  • 2 year fixed to 75% LTV (fee offer) reducing from 3.19% to 2.99%
  • 5 year fixed to 60% LTV reducing from 3.79% to 3.29%
  • 5 year fixed to 75% LTV reducing from 3.99% to 3.69%
  • 5 year fixed to 75% LTV (fee offer) reducing from 4.59% to 4.29%

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