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Clydesdale Bank
The Clydesdale Bank PLC was founded in 1838 and has its headquarters in Glasgow, Scotland. It employs around 2,500 people, who serve in a network of over 150 branches and service centres. They offer a range of financial products, including mortgages and insurance cover. In fact, they have been labeled as pioneers in the mortgage industry and have won the award for “Best Mortgage Lender Scotland” for three years now. Their main mortgages include an offset scheme, current account and flexible payment plans, and a discounted lifetime tracker. They also work with first time buyers and investment properties, even for buying in Spain.
Clydesdale’s offset mortgage makes available a way to pay off your loan more quickly. Basically, the amount of money kept in your current and saving accounts with Clydesdale is offset against your mortgage’s balance. This loan offers pay holiday and over- and underpayment options.
A current account mortgage is another way to save interest during the term of your loan. Rather than earn interest on the money in your account, you pay less interest on your mortgage by rolling your current, personal loan, overdraft, and mortgage into one account. Clydesdale Bank offers two payment methods on this type of loan: Rapid Repay and Flexible Repay.
Another mortgage offered by Clydesdale Bank is called Flexible Payment. This allows you to make over- and underpayments, as well as take pay holidays. Remember though that even when you are on a pay holiday, the interest still accrues.
One of Clydesdale’s most exciting offers is that of a comprehensive service to help you buy your dream home in Spain. This service includes: competitive mortgages in pounds and euros, a Spanish bank account, Internet banking in English, full legal service, competitive currency rates, home insurance cover, and an English speaking contact.
Clydesdale offers, through other companies such as Royal & SunAlliance and Hixcox, home, higher value home, car, travel, and life and critical illness insurance cover.
So, if you are in the market for a mortgage or insurance, use our tools on SimplyFinance.co.uk to find the best company and product for you, keeping in mind that this article should not be interpreted as financial advice or as a recommendation by SimplyFinance to use any individual service or to invest with any company advertised or mentioned.
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TODAY’S MORTGAGE RATES
| Loan Type | Rate | APR |
|---|---|---|
| Fixed | 5.6% | 6.9% |
| Tracker | 5.64% | 5.9% |
| Discounted | 5.7% | 6.9% |
| Capped | 6.05% | 7.2% |
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NEWS & ARTICLES
26 Jun 2008
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