Buy-to-let policy
All BTLs must have a minimum EPC rating of E.
Minimum lease term
- Leases must have at least 85 years remaining at application
- A lease with less than 85 years remaining can be accepted if the lease is being extended to at least 85 years by completion
- Leases with less than 85 years remaining may be considered by exception – check with us before applying
New Build
We lend up to 80% LTV for a new build house and 70% LTV for a new build flat.
Cladding
We are here to support our existing customers who have a mortgage on a property that is impacted by potentially unsafe EWS. When their current mortgage deal ends we will offer a new mortgage product, just as we always would.
For changes to an existing Clydesdale mortgage we will assess each case based on individual circumstances. As a responsible lender, any application for additional borrowing from customers impacted by unsafe EWS will be carefully considered before a decision is made.
For any other questions relating to EWS please refer to the FAQs, provided by RICS or visit the Government’s website to view their guidance on cladding.
Unacceptable properties
- We won’t lend on any properties with agricultural restrictions/ties, smallholdings, live/work units, HMOs, holiday lets, mobile or static homes, properties which restrict how many days a year they can be occupied, self-builds pre completion, properties with commercial use such as kennels, caravan parks or farms
- Spray foam insulation is usually not acceptable
- We do not lend on Houses in Multiple Occupation