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You can now do more business with Clydesdale Bank

Great news, Clydesdale Bank have introduced more ways you can do business with them. You can now submit applications for:

  1. Porting

  2. Product transfer with additional borrowing

  3. Further advances

That means you can help even more of your customers with their existing Clydesdale Bank mortgage and they’ll pay you a procuration fee when you do, win-win!

Here’s how to apply

Step 1: Request an Illustration

Complete an Illustration Request Form and email it to them at Existing.Customer.Support@cybg.com. They aim to send you the Illustration within two working days.

Step 2: Submit an application

Complete a Residential or Buy-to-Let application form and email it to them at Existing.Customer.Support@cybg.com, including any supporting documents. Take a look at their Packaging Guide for more information on what they need.

See their existing customer product range for the deals available on these applications.

Clydesdale Bank’s lending policy applies, so they’re unable to accept applications if your customer lives abroad or gets paid in a foreign currency.

Procuration fees

Clydesdale Bank will pay the following procuration fees to your nominated Mortgage Club or Network:

  1. For product transfer with additional borrowing, they’ll pay 0.20% on the existing loan amount and 0.40% on the additional amount borrowed.

  2. For a further advance, they’ll pay 0.40% of the new amount borrowed.

  3. For porting with or without additional borrowing, they’ll pay 0.40% of the total loan amount.

Help is at hand

You can find more information in their lending criteria.

If you’ve got any questions, just get in touch with your Business Development Manager.