Clydesdale and Yorkshire Banks have announced that they are to increase their Standard Variable Rate for their residential mortgage customers.

With effect from May 1 2012, the banks’ SVR will move from 4.59% to 4.95% – the change will affect 30,000 of its existing mortgage customers. If your one of these and would like to see if there is a more competitive product available, then give us a call on 01489 580020

The change will mean an average increase in repayments of less than £30 per month, but at this current time £30 per month is a lot of money.
Until July 31 2012, there standard mortgage exit administration fees will be waived for impacted customers wishing to re-mortgage to another provider.

For a free no obligation review, email us at info@parkgate.net or call us on 01489 580020

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