Clydesdale Bank still offering interest-only mortgages
Clydesdale Bank is still offering their Low Start Mortgage designed to keep monthly repayments as low as possible for the initial fixed rate period.
The mortgage is available on an interest-only basis for the first three years and then it reverts to full capital repayment at the lenders standard variable rate of 4.95%.
Depending on the size of your deposit, the lender offers a range of three-year fixed rates starting at 2.59% for borrowers with a 40% deposit. Their highest rate is a three-year fix at 3.59% for those with a 20% deposit. Both mortgages have £999 arrangement fees.
If you would like help to secure an interest-only mortgage, call us on 020 7016 0790.
October 18, 2013