Clydesdale Bank 2.01% discount until 30/06/2020
Which? customer score 63%
Assumed borrowing of £125,000 over 25 years, representative 4.7% APRC. Total amount payable: £213,388.44. Includes interest of £87,039.44, Valuation fee of £350, Booking fee of £0 and Administration fee of £999. Repayments: 24 monthly repayments of £588.87 at 2.94% (variable), then 276 monthly repayments of £717.05 at 4.95% (variable).
Clydesdale Bank customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
63%Poor |
Eligibility
| Maximum age | 75 |
|---|---|
| Minimum age | 18 |
| Location | Any |
| Restricted location note | N/A |
| Existing customer note | N/A |
| Eligibility notes | N/A |
Mortgage product details
| Mortgage types | Purchase, Remortgage, First time buyer |
|---|---|
| Deal type | Discount |
| Tracker type | Standard variable rate |
| Payment options | Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| Overpayment limits note | N/A |
| Offset mortgage | Yes |
| Help to Buy mortgage | No |
| Shared ownership mortgage | No |
| Shared equity mortgage | No |
| New-build mortgage | No |
| Self-build mortgage | No |
| Portable mortgage | No |
Product fees
| Arrangement fee | £999 |
|---|---|
| Arrangement fee can be added to loan | Yes |
| Booking fee | £0 |
| Telegraphic transfer fee | £40 |
| Insurance fee | £0 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £75,000 |
|---|---|
| Maximum borrowing amount | £750,000 |
| Minimum term (years) | 5 |
| Maximum term (years) | 35 |
| Initial deal end date | 30.06.20 |
| Initial deal length (months) | 24 |
| APRC | 4.73% |
| Initial rate | 2.94% |
| Revert-to rate | 4.95% |
| Maximum LTV | 80.0% |
Other charges
| Exit fees | £195 |
|---|---|
| Valuation admin fee | £0 |
| Valuation fee | From £280 for property value above £50,000 |
| Early repayment note | 3% then 2% until end of initial period |
Standard benefits
| Valuation admin fee excluded from any refund offer | Yes |
|---|---|
| Maximum free valuation | £0 |
| Cash back amount | £0 |
| Further notes about benefits | Free legal fees for remortgages (if using bank's own solicitors). £500 cashback subject to minimum £75,000 new borrowing. |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | Yes |
| Valuation offer | Free |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |