Clydesdale Bank has increased the rates on some of its new customer mortgage range while also relaunching other products.
For its £1m+ 65% – 85% loan-to-value (LTV) 2-year products fixed rates will be increased to start from 6.19%.
£1m+ 65% – 85% LTV 5-year fixed rates will be relaunched from 5.84% while 75% – 80% LTV 2 year fixed rates will be relaunched from 6.29%.
Additionally, 75% – 80% LTV 5-year fixed rates will be relaunched from 5.94% with 90% LTV £600k-£1m 2- and 5-year fixed rates relaunching from 6.39%.
Professional and selected Newly Qualified Professional products return from 5.89%.
Selected buy-to-let fixed rates are also set to be relaunched starting from 6.00%.
Meanwhile, Clydesdale’s product transfer range will see all fixed rate products increased. New rates start from 5.64%.
A statement from the bank read: “We continue to monitor market events closely and will provide an update regarding further product launches for new customers in due course.”
Changes take effect tomorrow (7th October).
