Clydesdale Bank cuts minimum loan size threshold
Clydesdale Bank has reduced the minimum loan size threshold to access an underwriter directly, discuss and get agreement prior to submitting a full application.
If a broker has a new-business enquiry they can now speak directly to an underwriter for loans over £750,000.
Previously the lender required that it be more than £1m.
The change allows brokers to discuss more complex customer scenarios, whether that be a non-standard form of income, an unusual self-employed setup or more complex interest only needs.