Clydesdale and Yorkshire Banks today (22 December) launched a £1,000 cashback mortgage for homebuyers, along with a number of new mortgage rates.
The new cashback offer is available across a range of new and existing fixed and variable rate mortgages for both first-time buyers and those moving home.
The deals include a two-year residential fixed up to 75 loan-to-value at 2.79 per cent, as well as a five-year residential fixed up to 75% loan-to-value at 3.59 per cent.
There are also five-year residential fixes at 3.49 per cent for 85 per cent LTV and 3.99 per cent for 90 per cent LTV, both with new customer arrangement fees of £999 or existing customer fees of £499.
A three-year residential fix at up to 90 LTV for a minimum £150,000 is priced at 3.44 per cent, again with new customer arrangement fees of £999 or existing customer fees of £499.
The £1,000 cashback offer will run until 28 February 2015 and is available for those borrowing between £50,000 and £1,000,000.
The new mortgage rates launched today include two, three and five-year fixed rate deals, some of which come with no arrangement fee, through branch and direct banking.
Steve Fletcher, head of Clydesdale and Yorkshire banks’ retail network, said: “We are providing a range of mortgages to meet the different needs of buyers at different points on the housing ladder.
“This £1000 cashback offer and the new rates are clear examples of support for homebuyers, whether they are looking to buy their first home or take the step to the next rung.”
peter.walker@ft.com
