It also increases the rates of several fixed rates
Clydesdale Bank has announced changes to its residential and buy-to-let mortgages, launching new exclusive products and increasing several fixed rates.
The lender launched four new products in its exclusive range. Two are remortgage fixed rates at 65% loan-to-value (LTV) – the two-year fix has a rate of 6.03% while the five-year fix has a rate of 5.38%.
The other two are purchase fixed rate products at 90% LTV – the two-year fix has a rate of 6.50% while the five-year fix has a rate of 5.85%. These purchase exclusive deals are available for loan sizes between £300,000 and £600,000.
Clydesdale also increased the rates of its new and existing customer products, with the exclusive remortgage 75% and 80% LTV fixed rates increased by 0.10%.
The 85% to 95% LTV two- and five-year fixed rates were also hiked by 0.30% and 0.20% respectively, while buy-to-let two- and five-year fixed rates were raised by 0.30% and 0.20%.
The full details of all mortgage products offered by Clydesdale, reflecting the latest product changes, can be found on its website.
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