KPMG agrees mortgage tie-up with Clydesdale and Yorkshire Banks

Professional services firm KPMG is offering its employees preferential mortgage rates through Clydesdale Bank and Yorkshire Bank, after agreeing a private banking package with the two lenders.

From today, all 12,000 KPMG employees will have access to below-market average mortgage rates through the two lenders – though the actual rates remain undisclosed as they will be based on each borrower’s circumstances.

In addition to lower mortgage rates, each employee will also be offered discounted travel insurance, access to a private banking relationship manager and a range of preferential products and services.

Clydesdale Bank and Yorkshire Bank won a tender process run across the banking industry and have now set up dedicated 24-hour helplines for KPMG staff.

KPMG UK chairman Simon Collins says: “We are delighted that we have been able to negotiate access to a dedicated range of products and services with Clydesdale Bank & Yorkshire Bank on behalf of our employees. 

“While a successful application very much depends on an individual’s circumstances, we hope that this offer will help our staff struggling to make home ownership a reality.”

Clydesdale and Yorkshire Bank director of business and private banking Paul Shephard says: “We aim to provide the highest standards of service to all of our customers; a commitment we know is also shared by KPMG.

“This is an exciting opportunity for us as a bank to deepen relations with a large professional services firm and we look forward to welcoming employees of KPMG to Clydesdale and Yorkshire Bank.”