Clydesdale Bank launches higher loan to value on mortgage range

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Clydesdale Bank launches higher loan to value on mortgage range

Individuals struggling to find a suitable mortgage deal in the current economic climate could be interested in alterations to a number of Clydesdale Bank products.

The lender has today (July 13th) announced plans to reduce loan-to-value payments in a bid to increase activity in the housing market.

Aimed primarily at first-time buyers and new-build properties, the prospective homeowners will see the opportunity to take advantage of mortgages with 90 per cent loan to value.

In addition, the products catering to the potential owners of new properties will be offered exclusively through building companies Barratt, Taylor Wimpey and Persimmon.

"We have a clear commitment to increase our mortgage lending, a significant part of achieving that will come from a greater presence within the broker market," explained John Tooth, head of business-to-business mortgage distribution and strategy for the lender.

Last month, Clydesdale and Yorkshire Banks revealed that one in ten homeowners confessed to inviting guests to their house in order to show off DIY achievements.

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