Fee free mortgages for first time buyers

Clydesdale and Yorkshire Banks have launched a fee free mortgage offer* for first time buyers.

The fee free offer will mean a saving of £599 for those taking a 95% or 90% loan-to-value mortgage.

The Banks remain committed to helping potential homeowners take the first step onto the property ladder and have also reduced their rates for first time buyer mortgages to 5.99% for a 95% loan-to-value mortgage and 4.99% for a 90% mortgage.

In addition, the fee free first time buyer mortgages are available with Clydesdale and Yorkshire Banks' insurance with a 5% introductory discount* and two year* no claims discount of 10%. There are no valuation fees when using the Banks' appointed panel of valuers.

The Banks currently offer a three year rate fixed at 5.99% for buyers with a 5% deposit and a three year fixed rate at 4.99% for buyers with a 10% deposit.  First time buyers with larger deposits will also be able to take advantage of the fee free offer across a range of fixed and offset residential mortgages.

Steve Reid, Retail Director for Clydesdale Bank, said: "We understand how difficult buying a new home can be and we hope that our fee free offer and new rates will help even more potential buyers take their first step onto the property ladder."

Clydesdale and Yorkshire Banks have a range of competitive mortgages and for more information, for more information, visit cbonline.co.uk or ybonline.co.uk.

*Terms and conditions apply.