Clydesdale approves more mortgages

Clydesdale Bank has approved more mortgages in the past two months than it did this time last year.

The bank approved 30% more home loans in May and June compared to the same period in 2008.

This rise in approvals follows Clydesdale’s pledge last week to release a further £1 billion of new lending to mortgage and business customers.

Clydesdale, together with sister-bank Yorkshire, is one of the few banks continuing to offer mortgages to new homeowners at 95% loan-to-value (LTV).

“These initiatives underline our commitment to provide competitive mortgages and excellent service,” said Steve Reid, Clydesdale Bank retail director.

“At Clydesdale Bank we are always focused on meeting the needs of our customers”, Reid added.

Founded in Glasgow in 1938, Clydesdale Bank is one of Scotland’s largest financial institutions, with 150 branches across the UK.

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