View more on these topics

Clydesdale introduces mortgage range for accountants, solicitors and doctors

Clydesdale Bank Intermediaries has introduced mortgage criteria for borrowers newly qualified in specific professions.

The new products are open to those who have qualified as accountants, architects, barristers, chartered surveyors, dentists, medical doctors, pharmacists, pilots, solicitors and vets within the last five years and with an income of £40,000 or more.

Among the features of the exclusive range are income multiples of up to 5.5x income, up to 95 per cent LTV for first-time buyers or home movers and a maximum loan size of £600,000.

Rates on the new deals begin at 2.14 per cent with two-, three- and five-year fixed products available.

For joint applications where only one applicant is a newly qualified professional, standard multiples apply to the additional applicant’s income with all applications remaining subject to affordability assessment.

Clydesdale head of mortgage distribution Fred Sharp says: “We already have a range of mortgage products for professionals which have proved extremely popular. Listening to the voice of our brokers and customers alike, we have developed the new range for newly qualified professionals to build on those strong foundations and provide features we know will deliver real value to customers.

“We’re excited about the launch and look forward to helping even more customers buy or refinance their home.”


hand, shake

Shawbrook Bank adds new refurbishment costs option to STL range

Shawbrook Bank’s commercial arm has announced a ‘Lending for Refurbishment Costs’ add-on for its short-term lending range, allowing customers to borrow up to 100 per cent of refurbishment costs for a single large facility. Once agreed upon, the entire loan will be made available to the borrower on the first day, with the maximum amount […]


What exactly is a missold mortgage?

There are many breaches that constitute a missold mortgage but the fundamental question is whether people were treated fairly by their adviser or lender. I am looking at complaints that a recommendation was inappropriate for debt consolidation, capital raising, extending the term, affordability, arrears and right-to-buy mortgages. There are many breaches that constitute a missold […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]


News and expert analysis straight to your inbox

Sign up