It announces increases in residential and BTL rates
Clydesdale Bank has recently made some changes again to its residential and buy-to-let mortgage range.
The lender’s selected 75% to 90% LTV two- and five-year fixed rates have increased by up to 0.09%.
Its £600,000 to £1 million 90% LTV two- and five-year fixes have risen by up to 0.32%, while its £1 million-plus 65% - 85% LTV two and five-year fixes have increased by up to 0.16%
Also increased by up to 0.12% were professional and newly qualified professional rates.
Finally, BTL at 60% LTV rates will be increased by up to 0.16%, and selected BTL at 75% LTV rates have gone up by 0.15%.
It was also announced that the end dates will move to July 31 of the relevant year.
Just two weeks ago, the bank has upped its rates on selected residential and BTL products.
Read more: Clydesdale Bank implements rate changes.
Virgin Money – the company that owns Clydesdale Bank – said the latest changes were communicated earlier to brokers, who were also advised to send applications as soon as possible if they are applying for one of these products on behalf of their customers.
