It also reduces rates on some of its existing residential and buy-to-let mortgages
Clydesdale Bank has announced new residential and buy-to-let mortgage products and reduced rates for customers looking to secure a new rate this year.
The lender’s new products are:
- Exclusive £1 million to £2 million 65% loan-to-value (LTV) fixed rates with £1,999 fee, launched from 4.71%
- Interest-only discounted offset rates, launched from 4.54%
- Buy-to-let 75% LTV fixed rate fee-savers, launched from 5.70%
- Buy-to-let 80% LTV fixed rates, launched from 6.30%
Products that have had their rates reduced include:
- 75% to 90% LTV fixed rates, reduced by up to 0.26%, now from 4.64%
- Buy-to-let 60% to 75% LTV fixed rates, reduced by up to 0.22%, now from 5.21%
- Professional and newly qualified professional 85% LTV fixed rates, reduced by up to 0.43%, now from 4.95%
- Exclusive £1 million to £2 million 75% LTV five-year fixed rate with £1,999 fee, reduced by 0.24%, now from 4.81%
- £1 million-plus 65% to 85% LTV fixed rates, reduced by up to 0.26%, now from 4.88%
Several of those under Clydesdale Bank’s product transfer range also saw rate reductions, including:
- 65% to 95% LTV fixed rates with £499 fee, reduced by up to 0.26%, now from 4.53%
- 65% to 95% LTV fixed rate fee-savers, reduced by up to 0.43%, now from 4.64%
- Buy-to-let 60% to 75% LTV fixed rates, reduced by 0.22%, now from 5.21%
- Professional and newly qualified professional 85% LTV fixed rates, reduced by up to 0.43%, now from 4.95%
- Exclusive £1 million to £2 million 75% LTV five-year fixed rate with £999 fee, reduced by 0.24%, now from 4.81%
- £1 million-plus 65% to 85% LTV fixed rates, reduced by up to 0.26%, now from 4.88%
The lender said the new rates are now live on all sourcing systems, and its current rates can be found on its website.
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