Clydesdale Bank has announced an important product update for advisers. Please see below for more details. Contact us for more information, alternatively, you can visit their website here.
ANNOUNCEMENTS
HELPING MORE BTL CUSTOMERS AT CLYDESDALE BANK
We’ve made Clydesdale Bank buy-to-let mortgages even better, by making our criteria even more straightforward.
Clydesdale Bank buy-to-let mortgages now have:
- No minimum income requirement
- No minimum rental cover requirement
This will come as especially good news for landlords with lower rental yields.
As always, we’ll carry out a full income and expenditure assessment. Use our affordability calculator to check how much your customers can borrow.
Plus, we’re still lending to first-time buyers, and on let-to-buy transactions where we don’t usually require simultaneous completion. For our full BTL criteria, head here.
SUPPORT FOR YOUR LANDLORD CLIENTS
When it comes to buy-to-let, there’s no one-size-fits-all. That’s why we offer a range of options to suit your clients’ needs.
Check out how we can take care of your landlord clients.
Clydesdale Bank buy-to-let
- No minimum income or ICR – affordability includes personal and rental income and expenditure, rather than a rental stress test.
- First-time landlords and first-time buyers accepted.
- We’ll also consider let-to-buy mortgages without needing simultaneous completion.
See if your case fits using our buy-to-let affordability calculators for Clydesdale Bank.
You can find our current rates on our website. If there’s anything else you need to know, have a chat with your Business Development Manager.