The product changes take effect immediately
Clydesdale Bank has made changes to its residential and buy-to-let range, launching a couple of new mortgage products and reducing the rates of some of its existing products.
For new customers, the lender is introducing a new exclusive 4.39% remortgage five-year fix at 80% loan-to-value (LTV) with a £1,499 fee and comes with £1,000 cashback, plus a free valuation.
Clydesdale has also launched 85% LTV fixed rate fee-savers with rates starting at 4.89%.
The bank, in its product update post, also announced that selected 75% to 90% LTV fixed rates have been reduced by up to 0.37%, now from 4.34%, while professional and newly qualified professional 85% to 90% LTV fixed rates have been slashed by up to 0.26%, now from 4.69%.
Exclusive £1 million to £2 million fixed rates at up to 75% LTV with a £1,999 fee have been reduced by up to 0.30%, now from 4.41%, while £1 million-plus fixed rates at 65% to 85% LTV have been cut by up to 0.45%, now from 4.54%.
Rates for its buy-to-let fixes at 60% to 75% LTV have been lowered by up to 0.35%, now from 5.04%.
For product transfer, 65% to 95% LTV fixed rates with a £499 fee have been cut by up to 0.45%, now from 4.19%, while 65% to 95% LTV fixed rate fee-savers have seen rate reductions by up to 0.30%, now from 4.39%.
The lender’s professional and newly qualified professional 85% to 90% LTV fixed rates have been lowered by up to 0.26%, now from 4.69%. Exclusive £1 million to £2 million up to 75% LTV fixed rates with a £999 fee have been reduced by up to 0.30%, now from 4.41%, and £1 million 65% to 85% LTV fixes have seen rate cuts by up to 0.45%, now from 4.54%.
Its buy-to-let fixed rates at 60% to 75% LTV have been reduced by up to 0.35%, now from 5.04%.
With the changes taking effect starting January 24, Clydesdale Bank said the new rates are now showing on all sourcing systems and the bank’s online application system. Its complete list of products and their details is also available online.
Read more: Your guide to Clydesdale for intermediaries
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