The current mortgage arrangement fee stands at £999.
First-time buyers will also see a saving of £599 and rate reductions on the banks’ 95% and 90% loan to value mortgages down to 5.99% and 4.99% respectively.
Steve Reid, retail director at Clydesdale Bank, said: “Our fee free mortgage offer is designed to help people find the correct mortgage to suit their individual needs without having to pay an arrangement fee.”
