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.
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.
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.
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
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