Clydesdale Bank to lend 5.5x income on new professionals range

Clydesdale Bank has launched a range of products for professionals who have become fully qualified within the last five years and have an income of over £40,000.

Related topics:  Mortgages
Rozi Jones
10th July 2018
Clydesdale Bank

The products will benefit from enhanced income multiples available of up to 5.5x and will be available up to 95% LTV with an enhanced maximum loan size of £600,000.

For joint applications where only one applicant is a newly qualified professional, standard multiples apply to the additional applicant’s income.

Two-year fixed rates start from 2.14% at 85% LTV, 2.49% at 90% LTV and 3.59% at 95% LTV.

Three-year fixes are available from 2.39%, 2.69% and 3.69%, whilst five-year fixed rates are on offer at 2.69% up to 85% LTV, rising to 2.99% at 90% LTV and 4.09% at 95% LTV.

All products come with no arrangement fee, free valuation on properties up to £2m, and fee assisted legal fees on remortgage applications.

Professions accepted include accountants, architects, barristers, chartered surveyors, dentists, doctors, pharmacists, pilots, solicitors and vets.

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.