Clydesdale and Yorkshire unveils cashback offer

Ryan Bembridge

April 17, 2018

Clydesdale and Yorkshire Bank is now offering £500 cashback for those borrowing at least £75,000.

The offer is available to those buying a property, remortgaging from another lender or releasing equity.

The bank has also cut a number of mortgage rates, as the lender’s first-time buyer 3-year fix and 5-year fix at 95% LTV have been reduced by 0.10% to 3.49% and 3.79%.

Helen Page, group innovation and marketing director, Clydesdale and Yorkshire Bank Group, said: “Our recent research shows a fifth (18%) of Britons are finding it increasingly challenging and in many cases impossible to get on the property ladder – following last year’s changes to interest rates.

“Buying a property requires a significant deposit so any additional cash is always welcome to go towards setting up a home.”

Page added: “We often focus on our health and wellbeing but don’t focus on our financial fitness in the same way.

“In spite of concerns about further interest rate rises, the reality is interest rates are low and house purchasing as opposed to renting is still a good choice for those able to save up a deposit.”

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