First-time buyer mortgage is ‘excellent’ | Product News - Moneyfacts

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First-time buyer mortgage is ‘excellent’

First-time buyer mortgage is ‘excellent’

Category: Mortgages
Date: 21/04/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Clydesdale Bank has amended the incentive package of its three-year fixed rate deal for first-time buyers to secure an 'excellent' rating from Moneyfacts.

The basics…

This mortgage has a fixed rate of 4.89% to 30.6.18 and is available at a loan-to-value (LTV) of 95%. Absolutely no product fees are payable.

The finer details…

This deal is only open to first-time buyers with a modest deposit of 5%. All borrowers can benefit from a generous incentive package of free valuation and a new £1,000 rebate upon completion. Repayment flexibility is also offered with the option to make regular overpayments.

This mortgage is also available from branches of Yorkshire Bank.

Why we like it…

For first-time buyers in possession of only a modest deposit, this deal is likely to be highly attractive. Not only does it carry absolutely no product fees, but it also helps to reduce upfront costs with a free valuation. The guarantee of a £1,000 rebate upon completion is also an appealing offer that will help to keep costs down.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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