Clydesdale and Yorkshire Banks reduce their first time buyer mortgage rates.
The Clydesdale and Yorkshire Bank has announced that it has cut its first time buyer mortgage rates in a bid to help more first timers purchase a home.
Clydesdale and Yorkshire's first time buyer mortgage deal for 95% LTV has been reduced by a massive 1%.
If you have just 5% as your mortgage deposit, a rate of 5.49% is on offer which is down from 6.49%. This new deal aimed at the first time market, comes with the added bonus of both a free standard valuation and no mortgage arrangement fee.
If you are interested in this new lower rate first time buyer mortgage you are advised to call 0800 048 8828 for a quote.
In addition to a low rate 95% deposit deal, Clydesdale and Yorkshire has also released a new 3 year fixed rate mortgage for 90% LTV. With 10% as a deposit you can achieve a rate of 4.49%. As with the 95% LTV mortgage deal it has no arrangement fee to pay and is available for both new property purchase and remortgage.
The Clydesdale and Yorkshire Bank is currently one of just a few banks still offering deals to buyers with just 5% deposit as a deposit.
If you are a smaller deposit buyer and are interested in a quote, call independent ‘whole of market’ broker Deal Direct. Our advisers are dedicated to finding the best mortgage deals available from throughout the market.
Call Deal Direct on 0800 048 8828.
