It also increases rates on a number of deals
Clydesdale Bank has announced that it is withdrawing four fixed rate products for new customers from 8pm today, February 23.
The deals that will be withdrawn for new customers are the following:
- Two-year fixed rate at 75% loan-to-value (LTV) with a £999 fee and a rate of 4.73%
- Two-year fixed rate fee offer at 75% LTV and a rate of 5.09%
- Five-year fixed rate at 75% LTV with a £999 fee and a rate of 4.24%
- Five-year fixed rate fee offer at 75% LTV and a rate of 4.49%
The following rates will also be increased for new customers:
- Two-year fixed rate fee offer at 85% LTV - rate increased by 0.04% to 5.33%
- Two-year fixed rate professional and newly qualified professional at 85% LTV - rate increased by 0.04%
- Five-year fixed rate professional and newly qualified professional at 90% - rate increased by 0.04%
- Two-year fixed rate buy-to-let at 60% LTV with a £999 fee - rate increased by 0.09% to 5.32%
- Two-year fixed rate buy-to-let at 60% LTV with a £2,999 fee - rate increased by 0.09% to 5.67%
- Five-year fixed rate buy-to-let at 60% LTV with a £1,999 fee - rate increased by 0.05% to 5.09%
- Five-year fixed rate buy-to-let at 75% LTV with a £1,999 fee - rate increased by 0.04% to 5.18%
- Five-year fixed rate buy-to-let at 75% LTV with a £2,999 fee - rate increased by 0.04% to 5.53%
The above rate increases also apply to product transfers, and the lender’s five-year fee offer at 90% LTV will also have its rate increased by 0.04% to 4.98%.
The bank said the new rates will be reflected in all sourcing systems from Friday, February 24. and in its online application system. Its complete list of mortgage products and their details are also available online.
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