Clydesdale Bank has reduced selected 65% and 75% loan-to-value (LTV) residential product transfer rates for existing customers, as of today.
These reduced rates include 2-year fixed rates with £499 fee available from 4.40% and 2-year fixed rates with fee offer, available from 4.60%.
Additionally, the reductions also include 5-year fixed rates with £499 fee, available from 4.02%, and 5-year fixed rates with fee offer, which are now available from 4.17%.
Richard Walker, head of intermediary sales at Virgin Money, said: “We’re pleased to announce that we’ve made reductions to our Clydesdale Bank retention rates which are available to existing customers.
“Our Fee Offer products are now available from 4.17% and provide customers with a great opportunity to secure a new fixed rate.”
These new rates will show on all sourcing systems and Clydesdale’s online application system today.
It’s mortgage illustrator will be updated this afternoon.
