In 1838 Clydesdale Bank was formed.  Its head office was in Glasgow and they had one branch in Edinburgh. They have evolved into one of the most important banks in Scotland and grew to be the first Scottish bank to launch branches in Northern England. They were adopted by the Midland Bank in 1919.

Clydesdale Bank has a variety of mortgages to choose from such as Fixed rate mortgages; offset mortgages; current account mortgages; buy to let mortgages; second home mortgages and Spanish mortgages. They will pay your legal and valuation costs when you change to a Clydesdale Bank mortgage and make use of their own solicitors and valuers.

Examples a few of their mortgages are given below.

Fixed rate mortgage – A fixed rate mortgage means that you will be paying the same rate of interest for the length of the fixed term period which gives you peace of mind knowing exactly what your mortgage is costing you each month. They offer fixed rate mortgages over periods of two or five years.

Here is one example of a TWO year fixed rate mortgage for a loan value of 65% of the value of your property

• The maximum LV (Loan to Value) is 65%
• The initial rate is presently 2.79% up until the 31^st December 2013 reverting to the variable rate currently of 4.59%
• Arrangement fee for a customer already with a mortgage is £399 and for a new mortgage customer it is £999
• You can add arrangement, legal and valuation charges to the mortgage but if this pushes the amount borrowed over the Loan to Value then a higher rate of interest will be charged.
• There are no legal fees if you are an existing customer of Clydesdale Bank, and also none if you are moving your mortgage from another lender.
• Clydesdale Bank has a special feature that at the end of the fixed rate term, extra payments or larger monthly charges might be made without incurring charges
• Should you make an early repayment then the charges are as follows: 3% in the first year and 2% in the second year

Here is one example of a FIVE year fixed rate mortgage for a loan value of 80% of the value of your property

• The maximum LV (Loan to Value) is 80%
• The initial rate is presently 4.89 %
• This initial rate comes to an end on the 31^st December 2016 reverting to the variable rate currently of 4.59%
• Arrangement fee for a customer already with a mortgage is £399 and for a new mortgage customer it is £999
• You can add arrangement, legal and valuation charges to the mortgage but if this pushes the amount borrowed over the Loan to Value then a higher rate of interest will be charged.
• There are no legal fees if you are an existing customer of Clydesdale Bank, and also none if you are moving your mortgage from another lender.
• Clydesdale Bank has a special feature that at the end of the fixed rate term, extra payments or larger monthly charges might be made without incurring charges
• Should you make an early repayment then the charges are as follows: 5% in the first year; 5% in the second year; 4% in the third year; 3% in the fourth year and 2% in the fifth year

Spanish mortgages – If you need a Spanish mortgage then Clydesdale Bank has such a mortgage. Many people want to take advantage of the situation in Spain with regards to properties and the prices which are now down by around 50%. Clydesdale have mortgages designed to help people take advantage of the current situation. Their mortgages offer help with regards to financial and legal matters.

Their Spanish property service cover:

• Help with deciding on what kind of mortgage you need and if it should be in sterling or euros
• They have solicitors who have hands on knowledge and skill with regards to legal help when buying a Spanish property and they are located in the United Kingdom
• They offer a Spanish bank account with permission to the English CAM Bank’s internet bank facilities.
• Also offered is home insurance for cover of your Spanish building and its contents which is provided through CAM Bank
• Clydesdale Bank provide a team of English speaking people who are there to aid you with viewing and the buying of a Spanish property

These are but a few examples of what Clydesdale Bank has on offer in the way of mortgages.  Why not take a look yourself. They can be contacted at their local branches, online or by phone.