Clydesdale Bank sees rise in mortgage applications

A range of initiatives introduced to support borrowers has led to a continued rise in mortgage applications at Clydesdale Bank.

The institution saw approvals increase by 30 per cent between May and June 2008 and the equivalent period this year.

Clydesdale Bank has been offering fee-free mortgage deals and best buy pricing to attract consumer interest, while it has also been offering 95 per cent loan to value mortgages to first-time buyers despite the recession.

Steve Reid, retail director Clydesdale Bank, said the bank was always focused on meeting the needs of its customers.

He added: "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."

Earlier this week, the British Bankers' Association reported that modest increases in gross and net mortgage lending were witnessed in June 2009.

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2009-07-29 12:15:01 © Moneyextra.com