Clydesdale Bank has launched new products and reduced the rates on selected residential products.
For its exclusive remortgage deals, the bank has introduced a new 75% loan-to-value (LTV) 2-year fixed rate with £1,499 fee at 4.39%, a new 75% LTV 5-year fixed rate with £1,499 fee at 3.98%, and its 80% LTV fixed rates with £1,499 fee have been reduced by up to 0.19%.
Its new customer product range has seen a wealth of reductions, including its 75 – 90% LTV fixed rates which have been reduced by up to 0.24%, and its 85 – 90% LTV Professional and Newly Qualified Professional fixed rates which have been reduced by up to 0.14%.
As for Clydesdale’s product transfer range, 65 – 90% LTV fixed rates have been reduced by up to 0.24%, 65 – 75% LTV Exclusive £1-2m fixed rates have been reduced by up to 0.21%, and 65 – 85% LTV £1m+ fixed rates have been reduced by up to 0.24%.
Richard Walker, head of intermediary sales, said: “We have made a number of reductions across the Clydesdale Bank mortgage range with 5-year fixed rates now starting at 3.98%.
“We have also launched two £1,000 cashback exclusive products at 75% LTV for remortgage customers which allows them to use their own solicitors.”
Clydesdale’s new rates will show on all sourcing systems and the lender’s online application system as of today.
