The products will add to the bank’s existing range and will be offered exclusively by the three builders through selected members of their broker panels.
The deals are also free of any additional mortgage security fees.
Clydesdale’s 2-year fixed rate at 5.49%, which later reverts to SVR, comes with a £999 fee as does its 2-year offset variable rate, priced at 4.49%, which later reverts to the bank’s offset variable rate.
John Tooth, head of B2B mortgage distribution and strategy at Clydesdale Bank, said: “We have a clear commitment to increase our mortgage lending, a significant part of achieving that will come from a greater presence within the broker market. This announcement underlines that view.
“The need for higher LTV products in specific sectors of the market is something many commentators have identified. With these new products, we are taking a first step to help meet that need.”
