Clydesdale and Yorkshire to launch fee free mortgage range

Clydesdale and Yorkshire Banks have launched a range of fee free products to homebuyers and homeowners, an offer expected to run until December.

Arrangement fees are being waived for new homebuyers, refinancing customers or those looking to switch their mortgage to Clydesdale or Yorkshire Bank.

The fee waiver applies to a range of two and five-year fixed rates up to 90 per cent LTV as well as a range of two-year offsets up to 80 per cent LTV.

A two-year fixed, 70 per cent LTV product is priced at 2.49 per cent while the lowest rate offered on a five-year fixed is 3.19 per cent for a 70 per cent LTV loan.  

An offset variable 85 per cent mortgage is also included in the fee free offer, at a rate of 4.95 per cent. 

Legal fees are also to be waived for refinancing customers using Clydesdale and Yorkshire’s appointed solicitors, while homeowners switching from another lender will receive a free standard valuation.

Clydesdale and Yorkshire Banks retail director Andrew Pearce says: “Our fee free mortgage offer is designed to help reduce some of the up-front costs of moving or switching mortgage.”