Clydesdale cuts new customer and product transfer rates

Clydesdale Bank has cut selected residential rates among its new customer and product transfer ranges.

The bank says its new customer product changes cover:

Capital and Interest 75% to 90% loan-to-value two and five-year fixed-rate offers, with a £999 fee, have been reduced by up to 25 basis points, available from 5.44%.

Loans at £1m-plus 65% to 85% LTV two and five-year fixes are down by up to 25bps, available from 5.59%.

Interest only 75% to 80% LTV two and five-year fixed-rate deals have been cut by up to 25bps, available from 5.69%.

And professional and newly-qualified professional two and five-year fixed-rate loans have been reduced by up to 15bps, available from 5.79%.

Its new customer products changes cover:

Loans between 65% to 95% LTV, with a £499 fee, are down by up to 25bps, available from 5.38%.

And 65% to 95% LTV fee saver rates have been cut up to 30bps, available from 5.60%.

Original Article