It also reintroduced its 90% LTV fee saver rates
Clydesdale Bank has launched a new product and reduced rates on a number of new customer and product transfer deals.
The new product – an exclusive two-year fix at 80% loan-to-value with a £1,499 fee and comes with £1,000 cashback plus a free valuation – has been launched at 4.74% for remortgage customers.
Clydesdale also relaunched its 90% LTV fixed rate fee offers, with rates starting from 4.79%.
The lender has also reduced its rates on the following products for new customers:
- Selected 80% to 90% LTV fixes - rates reduced by up to 0.45% and now start from 4.49%
- Professional and newly qualified professional 85% to 95% LTV fixes - rates reduced by up to 0.60% and now starting from 4.39%
- Exclusive £1 million to £2 million 65% to 75% LTV fixes with £1,999 fee - rates reduced by up to 0.11% and now starting from 4.14%
- Selected £1 million-plus 65% to 85% LTV fixes - rates reduced by up to 0.39% and now starting from 4.24%
- Buy-to-let 60% to 75% LTV fixes - rates reduced by up to 0.50% at now starting from 4.60%
The following Clydesdale’s product transfer deals also had their rates slashed:
- Selected 65% to 95% LTV fixes - rates reduced by up to 0.60% and now starting from 3.99%
- Professional and newly qualified professional 85% to 95% LTV fixes - rates reduced by up to 0.60% and now starting from 4.39%
- Exclusive £1 million to £2 million 65% to 75% LTV fixes with £999 fee - rates reduced by up to 0.11% and now starting from 4.14%
- Selected £1 million-plus 65% to 85% LTV fixes - rates reduced by up to 0.39% and now starting from 4.24%
- Buy-to-let 60% to 75% LTV fixes - rates reduced by up to 0.50% and now starting from 4.60%
Details of all Clydesdale mortgage products, reflecting the latest product changes, are available online through its intermediaries website.
Read more: Your guide to Clydesdale for intermediaries
“We have expanded our exclusive product range with the launch of a two-year fixed remortgage 80% LTV product that comes with £1,000 cashback, plus a free valuation,” said Richard Walker, head of intermediary sales at Virgin Money (pictured). “This and our current five-year fixed rate product give customers the option to choose their own solicitors and having security of rate over the shorter term.
“We’ve also reintroduced our 90% LTV fee saver rates to help those customers with a smaller deposit, alongside making reductions to the majority of our existing product range.”
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