Clydesdale Bank has launched new products and reduced selected fixed rates from its existing product range.
The Bank has introduced new 65% loan-to-value (LTV) 2- and 5-year fixed rates, which are available for interest only customers from 4.06%.
As well as this, selected 80 – 90% LTV fixed rates have been reduced by up to 0.10%, whilst 85 – 90% LTV Professional and Newly Qualified Professional fixed rates have also been reduced by up to 0.10%.
The Bank has also made more reductions across its 65 – 75% LTV Exclusive £1-2m fixed rate products, its 65 – 80% LTV £1m+ fixed rate products.
What’s more, selected buy-to-let 60 – 75% LTV fixed rates have also seen a reduction of up to 0.13%.
These changes also apply to Clydesdale’s Product Transfer range.
Richard Walker, head of intermediary sales at Virgin Money, said: “We are pleased to launch a new range of interest only products at 65% LTV for new and existing customers.
“This is an addition to a number rate reductions made across our residential and buy-to-let fixed rates.”
The new products and reductions will be available from today, Friday 21st of April, and can be found on all sourcing systems as well as Clydesdale’s own application portal.
