Clydesdale Bank have announced improvements to their New Build and Newly Qualified Professional mortgages, take a look at what’s new.

Improved new build incentives criteria

Clydesdale Bank now accept cash incentives of as much as 5% of the purchase price up to 90% LTV. This includes cashback deals, stamp duty contributions and payment of professional fees. What’s more, they also accept non-cash incentives without impacting the loan amount.

Better for Newly Qualified Professionals

Clydesdale Bank have also reduced the minimum income required for Newly Qualified Professionals from £40k to £30k so they can say yes to more customers. Eligible customers taking a NQP product benefit from enhanced income multiples of up to 5.5x. Check out their criteria for more information and a full list of accepted occupations.

Their new lending criteria is now live and their affordability calculator and AIP are in the process of being updated. To find out more or register on Clydesdale Bank’s panel, get in touch with your Business Development Manager.