Offset 2 year discounted mortgage

Link your Yorkshire Bank current and savings accounts, and even some business accounts, to your mortgage and save on interest payments. And enjoy a discount on your interest rate for the first two years

Mortgage name	Offset 2 year discounted mortgage
Initial rate	4.15 %
Initial rate expires on	31st July 2014
Rate thereafter	Standard Variable Rate, currently 4.95 %
Overall cost for comparison	5.1 % APR
Maximum loan to value	80%
Arrangement fee	£ 499
Option to add arrangement, valuation and legal fees to mortgage	Yes (but be aware that if the total amount borrowed including fees exceeds the loan to value above, a higher interest rate will apply)
Special offers	Benefit from a preferential mortgage arrangement fee of £499 when you stay with Clydesdale Bank
Special features	You can make extra payments or repay your whole mortgage without penalty Link up to six Yorkshire Bank current and savings accounts to save on interest payments and repay your mortgage early You can even combine your business credit balances – available to sole traders and simple partnerships (two or more people in business and with their mortgage together; for example, a husband and wife or civil partnership couple)
Early repayment charge	3% in year 1 2% in year 2
Eligibility	Applicants must be aged 18 or over. All loans are subject to status. Security will be required
How to apply	To arrange an appointment with a mortgage adviser: Call us on 0845 602 6198 Enquire online Find your nearest branch

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Written quotations are available on request

The maximum Loan to Value (LTV) for interest only where the repayment strategies meet the Bank’s criteria and can be evidenced is 75%. If the repayment vehicle is either cash savings or downsizing, the maximum LTV will be 50%.