Fee free mortgages from Clydesdale and Yorkshire Banks
3rd September 2013
Clydesdale and Yorkshire Banks are giving both homebuyers and homeowners a boost by launching a range of ‘fee free’ mortgages offers*.
Available now, the Banks are waiving arrangement fees for customers looking to buy a new home, refinance their existing mortgage with the Banks or switch their mortgage to Clydesdale or Yorkshire Bank. The offers are expected to run until December.
The offers represent a saving of up to £999 on the arrangement fee**.
In addition, customers who are refinancing an existing mortgage won’t have to pay any legal fees if they use Clydesdale and Yorkshire Banks’ appointed solicitors, and those switching from another lender will also benefit from a free standard valuation.
Products available with the no arrangement fee offer include:
| Product | LTV | Rate | APR | ERC | Arrangement Fee |
|---|---|---|---|---|---|
| 2 Year Fixed | < 70% | 2.49% | 4.6% | 3%, 2% | FREE |
| < 75% | 2.69% | 4.6% | 3%, 2% | FREE | |
| < 80% | 3.19% | 4.7% | 3%, 2% | FREE | |
| < 90% | 4.29% | 5.0% | 3%, 2% | FREE | |
| 5 Year Fixed | < 70% | 3.19% | 4.3% | 5%, 5%, 4%, 3%, 2% | FREE |
| < 75% | 3.29% | 4.4% | 5%, 5%, 4%, 3%, 2% | FREE | |
| < 80% | 3.79% | 4.6% | 5%, 5%, 4%, 3%, 2% | FREE | |
| < 90% | 4.69% | 5.0% | 5%, 5%, 4%, 3%, 2% | FREE | |
| 2 year offset discount | < 60% | 2.79% | 4.6% | 3%, 2% | FREE |
| < 65% | 2.89% | 4.7% | 3%, 2% | FREE | |
| < 75% | 2.99% | 4.7% | 3%, 2% | FREE | |
| < 80% | 3.39% | 4.8% | 3%, 2% | FREE | |
| Offset Variable | < 85% | 4.95% | 5.1% | n/a | FREE |
The Banks are confident that the offer will be welcomed by customers.
Andrew Pearce, Retail Director for Clydesdale and Yorkshire Banks, said: “At Clydesdale and Yorkshire Banks we remain focused on offering a range of competitive products that meet the differing needs of our customers.
“Our fee free mortgage offer is designed to help reduce some of the up-front costs of moving or switching your mortgage.”
Full details of Clydesdale and Yorkshire Banks’ competitive mortgage range are available by visiting www.cbonline.co.uk or www.ybonline.co.uk, or customers can visit their local branch or contact 0800 22 24 26 for Clydesdale Bank or 0800 20 21 22 for Yorkshire Bank.
*Terms and conditions apply
**Saving of £499 for existing Clydesdale and Yorkshire Bank customers.
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.