Mortgage applications rise at Clydesdale Bank

This hike in mortgage approvals follows the Bank's pledge last week to make an additional £1 billion of new lending available to mortgage and business customers.

Clydesdale Bank has been offering a number of customer-focused initiatives to support borrowers and continue lending. These have included fee-free mortgage deals and best buy pricing, plus the Bank remains one of the few lenders that continue to offer 95% LTV mortgages for first time buyers.

Steve Reid, retail director Clydesdale Bank, said: "At Clydesdale Bank we are always focused on meeting the needs of our customers.

"These initiatives underline our commitment to provide competitive mortgages and excellent service. These values have been met with a positive response from customers with continued growth in the number of mortgage applications we are receiving.

"In line with our traditional approach to lending and our commitment to remain open for business, Yorkshire Bank also remains one of only a handful of lenders supporting the first time buyers market with 95% LTV mortgages."