Clydesdale and Yorkshire Banks have launched a ‘no fee’ mortgage offer. It is available to existing customers.
Arrangement fees are being waived for existing customers looking to take a new mortgage before 7 April 2013. This represents a saving of £999 – the current re-mortgage arrangement fee.
The £999 mortgage arrangement fee will also be waived for new customers who are moving both their mortgage and their current account to Clydesdale and Yorkshire Banks.
Meanwhile, those moving their mortgage from another lender will benefit from 50% off the arrangement fee. In addition, those customers won’t have to pay any legal or valuation fees if they use Clydesdale and Yorkshire Banks’ appointed solicitors and valuers.
The mortgage fee offer is available on a range of fixed two, three and five year mortgages as well as a number of offset mortgages.
To qualify for the no fee mortgage offer the applicant must meet one of the following criteria:
- Hold a Clydesdale or Yorkshire Bank current account where £1,000 is credited every month
- Hold a Clydesdale or Yorkshire Bank current account where one credit or several credits amounting to £1000 have been received in the past month
- Agreed to transfer their main banking account/set up a credit transaction of at least £1,000 to a Clydesdale or Yorkshire Bank current account
“At Clydesdale and Yorkshire Banks we remain focused on offering a range of competitive products that meet the differing needs of our customers,” said Andrew Pearce, retail director for Clydesdale Bank.
“As well as helping people to find the correct mortgage to suit their individual circumstances, we are rewarding our existing customers with a no mortgage fee offer. We’re also helping new customers with free and half price arrangement fee offers to make the process as easy as possible.”