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.”