It also introduces new exclusive residential products
Clydesdale Bank has announced adjustments to its interest rates for various mortgage products, impacting both new and existing customers, including residential, professional, and buy-to-let.
For new and existing residential customers, the bank will increase the interest rates on its two- and five-year fixed rate mortgages at 65% and 75% loan-to-value (LTV) by up to 0.29%.
Professional clients will see an increase of up to 0.65% on the two- and five-year fixed rate professional products. Meanwhile, buy-to-let customers will experience a slight increase of up to 0.06% on two-year fixed rate products at 60% LTV.
In contrast, Clydesdale Bank is reducing rates on selected BTL products and launching new exclusive deals for residential purchases and remortgages. The reductions in BTL fixed rate products, both for two and five years, will be by up to 0.45%.
The bank is introducing new exclusive residential remortgage deals, offering 75% to 85% LTV two- and five-year fixed rates starting from 4.54% with a £1,499 fee. Similarly, exclusive deals for residential purchases are being launched, featuring 75% to 90% LTV two- and five-year fixed rates starting from 4.44% with the same fee.
New exclusive large loan residential products for 75% to 90% LTV two- and five-year fixed rates will be available, starting from 4.53%.
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