Effective from tomorrow, Tuesday 13th February, Clydesdale Bank is set to launch new exclusive products and reduce the rates on a number of residential and Professional deals.
As part of the changes, the bank will launch new interest only £1m to £2m 65% and 75% loan-to-value (LTV) 2- and 5-year fixed rates from 4.18%.
Selected purchase and remortgage fixed rates will also have their minimum loan size reduced to £150,000.
In terms of rate changes, for new and existing residential customer products, selected 95% LTV 2- and 5-year fixed rates will be reduced by up to 0.30%.
Selected Professional and Newly Qualified Professional fixed rates will also be reduced by up to 0.60%.
In addition, a number of Professional fixed rates will have their minimum loan size reduced to £100,000.
In addition, as of 8pm today, selected residential fixed rates will be increased by up to 0.20%, while a number of Professional and Newly Qualified Professional fixed rates and exclusive 65% LTV residential purchase fixed rates will be withdrawn.
