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First time buyer mortgages


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Use our mortgage calculators to find out how much you could borrow and estimate your monthly repayments.

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Your home may be repossessed if you do not keep up repayments on your mortgage

Guiding you through your house buying journey

Buying a house for the first time can be a little daunting. It’s a bit like the first time you do anything, whether that’s riding a bike or falling in love. But once you’ve gained confidence, these occasions are some of the most momentous, exciting moments of your life. From starting out to completing the deal, we’ll help you at each stage of your journey to buying your first house and making it your home.

Best First Time Buyer Mortgage Provider

For the second year running, we’re proud to have won the ‘Best First Time Buyer Mortgage Provider' accolade at the 2015 Moneyfacts Awards. This award endorses the competitiveness of our products and service and our commitment to first time buyers like you.

Benefits of our first-time buyer mortgages

Our first-time buyer mortgage products offer a range of rewards to help get you onto the property ladder. Plus, you can be reassured that we can help make buying your first home as straightforward as possible and get you off to the best possible start. To qualify for the Clydesdale Bank first time buyer mortgage products, you must be aged 18 or over, with at least one party to the mortgage who has never had a mortgage or has not had a mortgage in the last 12 months.

  • Minimum 5% deposit

    We offer 95% mortgages with a 5% deposit or 90% mortgages with a 10% deposit.

  • £250 cashback*

    Get £250 cashback on mortgage drawdown with our first-time buyer mortgage products.

  • Fixed interest rates

    Have the comfort of knowing what your monthly repayments will be for your fixed term.

  • Expert advice

    Get the right help and advice you need to find the right mortgage and complete your application.

  • One free basic home valuation

    You'll receive one free basic home valuation with our first time buyer mortgage product.

  • Home insurance discount

    Get a discount on our Home and Contents Insurance, provided by RSA.**

  • No arrangement fee

    Keeping things simple. You don’t have to pay us a fee for arranging your mortgage.

  • No funds transfer fee

    No additional fee applied for transferring your mortgage funds at drawdown.

* Available on mortgage loans less than £999,999. Cashback is paid on mortgage drawdown. Subject to status.

** Applies to new Home Insurance customers who have not claimed on their home insurance in the past 4 years and may not be used in conjunction with any other offer.

Our first-time buyer mortgages

The table below highlights our range of first-time buyer only mortgage products. Other mortgages are available for those buying their first home, however the above first time buyer mortgage product benefits will not apply.

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Product name
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Max loan to value
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Initial rate
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Variable rate thereafter
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The overall cost for comparison is
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Arrangement fee
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Early repayment charge
3 year fixed rate90%3.29%4.95%4.6% APR£0YesMorehide
3 year fixed rate95%4.49%4.95%5.0% APR£0YesMorehide

(Rates correct as at 28th October 2015)

* Standard Variable Rate

Saving for your mortgage deposit?

Get up to an additional £1,000 cashback with our Regular Home Saver Account

Are you putting money aside each month for your mortgage deposit? You could enjoy an additional £1,000 to spend on your new home by saving with our Regular Home Saver Account. Here’s how it works:

  • Deposit a minimum of £200 every month for at least 12 consecutive months*
  • Use all or some of the savings when purchasing your property. Subject to approval of your 90% or 95% loan to value** Clydesdale Bank first-time buyer mortgage product.
  • Get £1,000 cashback if you save a deposit of at least 10% the property value***
  • Get £500 cashback if you save a deposit of at least 5% the property value***
  • 40 days notice is required to make withdrawals from the savings account. 40 days notice is however not required when withdrawing all or some of the funds as part of the deposit to purchase a property with a Clydesdale Bank first-time buyer mortgage product.

* One payment holiday is permitted during the 12-month calendar period. If you utilise the payment holiday, you must deposit 12 out of 13 consecutive months.

** Loan to value means the ratio of the amount you wish to borrow against the property value you are purchasing.

*** Property value is defined as the lower of the purchase price or mortgage valuation.

Learn more about the Regular Home Saver Account

More help with mortgages

Girl planning her new home

Mortgage journey

We’ve created a range of tools and guides to help you understand the mortgage process.

Find out more about the mortgage journey


Financial considerations

Make sure you’re aware of the costs of buying a home and how many factors can influence the mortgage rate you get.

Find out more about financial considerations

Ready to apply?

Found a product you're interested in? Arrange a branch or phone appointment with one of our mortgage advisors.

Call to book an appointment
0800 022 4313

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Need more information

Our advisors are on hand to help with your mortgage queries.

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0800 022 4313

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