Clydesdale Bank has introduced new products and cut rates by up to 43 basis points for new and existing customers across its residential and buy-to-let mortgage range.
Highlights of the changes for new customers include:
- New exclusive £1 to £2m 65% loan to value fixed-rate deals, with a £1,999 fee, launched from 4.71%
- New BTL 75% LTV fixed-rate fee-savers, launched from 5.70%
- New BTL 80% LTV fixed-rate offers, launched from 6.30%
- Professional and newly-qualified professional 85% LTV fixed-rate loans have been reduced by up to 43bps, starting at 4.95%
- 75% to 90% LTV fixed-rate deals have been cut by up to 26bps, starting at 4.64%
Product transfer highlights include:
- 65% to 95% LTV fixed-rate fee-savers are down by up to 43bps, starting at 4.64%
- Professional and newly-qualified professional 85% LTV fixed-rate loans have been reduced by up to 43bps, starting at 4.95%
- 65% to 95% LTV fixed-rate offers, with a £499 fee have been cut by up to 26bps, starting at 4.53%
- BTL 60% to 75% LTV fixed-rate deals have been reduced by 22bps, starting at 5.21%
- £1m-plus 65% to 85% LTV fixed rates are down by up to 26bps, starting at 4.88%
The lender says its new rates are live on all sourcing systems, while its website will be updated within 24 hours.
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