clydesdale mortgage

Clydesdale Bank withdraws deals and makes rate increases

Clydesdale Bank is making some changes to some of its new customer products at 8pm today.

Deals being withdrawn from the market include a 75% loan-to-value (LTV) 2-year fixed rate with £999 fee at 4.73%, a 75% LTV 2-year fixed rate fee offer at 5.09% and a 75% LTV 5-year fixed rate with £999 fee at 4.24%.

The following rates will also be increased for new customers: a 85% LTV 2-year fixed rate fee offer will be increased by 0.04% to 5.33%.

Professional and newly qualified professional 85% LTV 2-year fixed rates will be increased by 0.04%, while buy-to-let 60% LTV 2-year fixed rate with £999 fee will be increased by 0.09% to 5.32%.

Further increase include a buy-to-let 60% LTV 2-year fixed rate with £2,999 fee will be increased by 0.09% to 5.67%, and a buy-to-let 75% LTV 5-year fixed rate with £1,999 fee will be increased by 0.04% to 5.18%.

The above rate increases will also apply to product transfers.

The new rates will show on all sourcing systems and Clydesdale’s online application system from the 24th of February 2023.

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