Clydesdale Bank has made changes to its mortgage range as of today (Friday 10th February).
Its 5-year Fixed Newly Qualified Professional product at 95% loan-to-value (LTV) is now available for new customers.
The Bank has also made widespread reductions across its product range.
Richard Walker, head of intermediary sales, at Clydesdale, said: “We have made rate reductions across most of the Clydesdale Bank range and have also reintroduced a 95% LTV mortgage deal for Newly Qualified Professionals looking to purchase a property.
“We’ve reduced all larger loan Exclusives at £1m+ too.
“For customers requiring a larger loan, our dedicated underwriting team is on hand to help with these or to discuss an application which doesn’t meet our standard lending criteria.”
Some highlights from the updated new customer product range includes a Newly Qualified Professional 5-year fixed rate 95% LTV at 5.89%, Professional and Newly Qualified Professional 85% – 90% LTV fixed rates have been reduced by 0.10% and are now from 4.59%, and selected 75% – 90% LTV fixed rates have been reduced by up to 0.20%, now from 4.24%.
As for Clydesdale’s product transfer range, Professional and Newly Qualified Professional 85% – 90% LTV fixed rates have been reduced by 0.10%, selected 65% – 90% LTV fixed rates with £499 fee have been reduced by up to 0.20%, and a Newly Qualified Professional 5-year fixed rate 95% LTV has been reduced by 0.30% and is now 5.89%.
These new rates and many more will be on all sourcing systems and Clydesdale’s online application system from today.
Its mortgage illustrator will be updated this afternoon.
