Your home may be repossessed if you do not keep up repayments on your mortgage
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.
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.
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.
We offer 95% mortgages with a 5% deposit or 90% mortgages with a 10% deposit.
Get £250 cashback on mortgage drawdown with our first-time buyer mortgage products.
Have the comfort of knowing what your monthly repayments will be for your fixed term.
Get the right help and advice you need to find the right mortgage and complete your application.
You'll receive one free basic home valuation with our first time buyer mortgage product.
Get a discount on our Home and Contents Insurance, provided by RSA.**
Keeping things simple. You don’t have to pay us a fee for arranging your mortgage.
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.
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.
Max loan to value
Variable rate thereafter
The overall cost for comparison is
Early repayment charge
|3 year fixed rate||90%||3.29%||4.95%||4.6% APR||£0||Yes|
|3 year fixed rate||95%||4.49%||4.95%||5.0% APR||£0||Yes|
(Rates correct as at 28th October 2015)
* Standard Variable Rate
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:
* 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.
We’ve created a range of tools and guides to help you understand the mortgage process.
Make sure you’re aware of the costs of buying a home and how many factors can influence the mortgage rate you get.