Clydesdale and Yorkshire Banks unveil new lower rates for First Time Buyer Mortgages
17/10/2011
Clydesdale and Yorkshire Banks today (17th October 2011) announced new lower rates for their range of competitive mortgages for first time buyers.
The Bank remains committed to helping people take their first step onto the property ladder and is one of only a handful of lenders still offering a 95% LTV mortgage to those looking to buy their first home.
First time buyers can now benefit from lower rates ranging from 5.49% to 6.19%* including a fee free rate of 5.69% fixed for 3 years.
| Current Rate | Fee | New rate | Fee | |
|---|---|---|---|---|
| 3 Year Fixed < 90% | 5.99% | £599 | 5.49% | £599 |
| 3 Year Fixed < 90% (no fee) | 6.29% | £0 | 5.69% | £0 |
| 3 Year Fixed < 95% | 6.99% | £599 | 6.19% | £599 |
Steve Reid, Retail Director for Clydesdale Bank, said: “We know that buying your first home can be difficult and we are one of only a few lenders who remain committed to offering 95% LTV mortgages.
“We are focused on ensuring our rates remain competitive and are pleased to be able to introduce new lower rates on our range of mortgages for first time buyers.
“In addition to offering a competitive range of mortgages and appropriate insurance, first time buyers are also given support throughout the whole process and can save a deposit with our Regular Home Saver Account.”
For more information on the wide range of mortgages offered by Clydesdale and Yorkshire Banks, please contact 0800 678 1230 for Clydesdale Bank or 0800 678 3380 for Yorkshire Bank (opening hours 8am – 8pm Mon-Fri) or visit www.cbonline.co.uk or www.ybonline.co.uk.
You can find impartial information and guidance on money matters on the “Money advice service” website.
Yorkshire Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.