Clydesdale waives valuation fees for FTBs

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Clydesdale is waiving its valuation fee on first-time buyer products for a limited time.

The lender has also cut rates across its residential and buy-to-let mortgage ranges by up to 0.50 per cent.

From today, Clydesdale’s first-time buyer products include:

·         Two-year fixed to 95 per cent LTV reducing from 3.69 per cent to 3.59 per cent

·         Three-year fixed to 90 per cent LTV with a rate of 2.89 per cent

·         Three-year fixed to 95 per cent LTV with a rate of 3.99 per cent

These products also have no arrangement fee.

The bank can lend up to five times the sole or joint income of mortgage applicants, depending on overall affordability.

The lender’s new residential rates now include:

·         Two-year fixed to 75 per cent LTV reducing from 1.49 per cent to 1.34 per cent

·         Two-year fixed to 80 per cent LTV reducing from 1.59 per cent to 1.39 per cent

·         Five-year fixed to 75 per cent LTV reducing from 2.19 per cent to 2.04 per cent

Clydesdale has also cut rates on its buy-to-let range, which includes:

·         Two-year fixed to 60 per cent LTV reducing from 2.69 per cent to 2.59 per cent

·         Five-year fixed to 60 per cent LTV reducing from 3.79 per cent to 3.29 per cent