Clydesdale Bank is launching new mortgage offerings on Wednesday, 26th July, including 80% loan-to-value (LTV) 2-year and 5-year fixed rate remortgage deals, starting from 6.35% and 5.82% respectively. These rates are available for loans ranging from £200,000 to £1,500,000.
The bank is also introducing a 95% LTV 5-year fixed rate for new customers, while maintaining current product transfer rates for existing customers at the same LTV.
However, starting today at 8 pm, there will be increases in the 65-80% LTV 2-year and 5-year fixed rates by up to 0.28% and 0.30% respectively.
The bank’s Professional and Newly Qualified products will now be available for loan sizes between £150,000 and £1,000,000.
In other changes, Clydesdale Bank will reduce its Funds Transfer fee from £40 to £25 and its Mortgage Exit fee from £195 to £99 from 26th July.
The bank will also eliminate the funds transfer fee for deals with no associated product fee, including its Fee Offer fixed rate Residential, Buy-to-Let (BTL) and Professional range.
