Clydesdale Bank launches FTB mortgage

Jake Carter

April 21, 2021

website launch

Clydesdale Bank is set to launch a mortgage for first-time buyers (FTBs) on 22 April.

It will also reduce a number of rates across selected mortgage products.

The first-time buyer product is a 90% LTV 2-year fix at 2.89%, with a £1,999 fee.

The lender is reducing the rate on the 90% LTV 2-year fix from 2.99% to 2.95%, with a £1,999 fee.

Both deals are intermediary exclusives and include a free valuation.

Additionally, the bank is withdrawing the 75% LTV 2-year fix at 1.24%, with a £1,999 fee and the 75% LTV 2-year discount at 1.74%.

According to the lender, to give customers greater flexibility on their mortgage, individuals can now add the product fee to the loan, providing it does not take a residential loan over 95% LTV or a BTL loan over 80% LTV.

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