In This Article
About Clydesdale Bank
Clydesdale Bank was founded in 1838 in Glasgow. It has a proud history of innovation and has supported Scottish industry and communities over many years.
Clydesdale Bank trades in England under the Clydesdale Bank and Yorkshire Bank brands. This allows them to offer global strength and experience, combined with the local service of an established regional bank, to both personal and business customers.
They aim for their customers to be at the heart of their endeavours as they strive to offer people real value from their ever-widening range of products and services.
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Clydesdale Bank mortgages
Clydesdale Bank offer a range of fixed and variable residential mortgages and buy to let mortgages to purchasers including first-time buyers, remortgagors and home movers.
The bank takes a flexible approach to the assessment of their mortgages and aim to cater to each client’s individual circumstances. One example may be non-standard income.
Their products include:
- Buy-to-let mortgages
- Large loans
- Interest only mortgages
- Self-employed mortgages
- Professional mortgages
- Contractor mortgages
- Offset mortgages
First time buyer mortgages
At Clydesdale Bank, their first-time buyer mortgage products may be able to help you get on the property ladder and they try to make the process as straightforward as possible.
To be classed as a first-time buyer with Clydesdale Bank, you just need to be aged 18 or over, live in the UK, and have not had a mortgage in the last 12 months.
How competitive are Clydesdale Bank mortgage rates?
Clydesdale Bank aim to offer competitive mortgage rates to its customers. It’s important to review the whole market and your current and future situation to decide if the mortgage is competitive and suitable for you.
Check the initial interest rate, revert rate, fees charged, flexibility of the product and so on.
A mortgage broker can do this for you and recommend the most suitable and most competitive deal for you.
Can I switch my mortgage with Clydesdale Bank?
If you are already a customer of Clydesdale and you are coming to the end of your mortgage deal Clydesdale will normally contact, you a few months before your current rate expires.
If you’re already on one of their variable/revert rates, you may be able to switch to a new deal at any time without incurring any early repayment charges.
You can switch directly with Clydesdale Bank or via a mortgage advisor.
An independent mortgage advisor can advise you on all products available in the market and find the best option for you, which may not be staying with your current lender.
How long does it take to get an offer from Clydesdale Bank?
Clydesdale Bank’s average time from application to offer is around four weeks. However, this duration can be extended for more complex deals.
A mortgage advisor experienced in working with Clydesdale Bank may be able to get a mortgage offer quicker than going direct as they will know what information is required and can chase if the application has stalled.
What do I do if Clydesdale Bank decline me a mortgage?
If Clydesdale Bank has declined your mortgage application, you should speak to a mortgage advisor as they could help you find another lender willing to give you a mortgage.
Expert mortgage advisors have knowledge on which lender is best suited for different situations, situations such as adverse credit, complex income, or any specific criteria about your situation or the property.
If you would like to check if you have a low credit score or view your credit profile you can utilise either Experian, Equifax, Transunion or Check My File, which offers a free trial.
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Conclusion
Clydesdale Bank is a bank founded in 1838 in Glasgow, they offer a range of fixed and variable residential mortgages, including to first-time buyers, those looking to remortgage, and home movers.
They take a flexible approach to the assessment of their mortgages and aim to cater to each client’s individual circumstances. Products offered include buy-to-let mortgages, large loans, interest only mortgages, self-employed mortgages, professional mortgages, contractor mortgages, and offset mortgages.
Clydesdale Bank offers competitive mortgage rates to its customers. Review the initial interest rate, revert rate, fees charged, and flexibility of the product, and compare to the whole market to decide if the mortgage is competitive and suitable for you. A mortgage broker can do this for you and recommend the most suitable and most competitive deal for you.
Clydesdale Bank will contact customers a few months before their mortgage deal expires. Customers on a variable/revert rate may be able to switch to a new deal without any early repayment charges. Mortgage offers usually take around four weeks, but this duration can be extended for more complex deals. If Clydesdale Bank has declined a mortgage application, Expert mortgage advisors may still be able to help.
If you would like to speak to an advisor, please complete the form box below, and I NEED ADVICE will find you a mortgage advisor who can review your situation check the whole market and recommend the right mortgage for you.
They are experienced, which can boost your chances of being approved.
