Clydesdale launches exclusives, cuts rates by up to 35bps  

Clydesdale Bank has launched new customer products and cut selected rates by up to 35 basis points.

The lender says its changes cover:

New customer exclusives

• Professional purchase-only 85% loan to value two-year fixed-rate loans at 6.10%
• Professional purchase-only 85% LTV two-year fixed-rate deals at 5.29%

These deals are available for loan sizes between £150,000 and £1m.

Large loan deals

• 65% LTV two-year fixed-rate offers will be reduced by 35bps, to 5.53%.
• 65% LTV five-year fixed-rate loans will be reduced by 20bps, to 5.19%.
• 75% LTV two- and five-year fixed-rate deals will be reduced by up to 5bps

These deals are available for loan sizes between £1m and £2m.

New and existing customer products

• Professional two-year fixed-rate offers will be reduced by up to 10bps, starting from 6.09%
• Selected professional five-year fixed-rate offers will be reduced by 5bps, starting from 5.35%
• Newly qualified professional two-year fixed-rate offers will be reduced by up to 25bps, starting from 6.14%
• Newly qualified professional five-year fixed-rate loans will be reduced by up to 25bps, starting from 5.55%.
• Selected two-year fixed-rate deals will be reduced by up to 25bps
• And selected five-year fixed-rate offers will be reduced by up to 25bps