Clydesdale offer 75% LTV interest-only mortgages through Deal Direct.
Clydesdale Bank has announced an increase to its loan to value level for interest-only lending. Deals are now available for up to 75% which is a significant increase from 50%.
Those applicants who plan to use the sale of a property or cash for their repayment strategy will be accepted for a 75% LTV mortgage providing they have £300,000 equity and all the necessary paperwork to prove they have a repayment vehicle in place.
As Clydesdale only accept interest-only applications from a very limited panel of brokers or through their private banking arm, you should contact Deal Direct to apply.
To make an application call 0800 048 8828, you will be required to provide a valuation for the property to be mortgage along with written evidence of your planned repayment strategy.
If you are planning a cash lumpsum settlement of the mortgage any saving or investment solution which is not a pension, endowment or share portfolio maybe used. A copy of your last statement with proof of any regular and ongoing contributions which have been made for a minimum of 12 months will be required.
If you would like to discuss Clydesdale interest-only mortgages with an adviser call 0800 048 8828, we can provide you with all the information and help you will need to make a successful mortgage application.
For advice and a quote call 0800 048 8828.
