Clydesdale Bank is launching a selection of products and reducing existing rates as of tomorrow, Friday 31st May.
In its exclusive customer buy-to-let (BTL) range, the lender will launch a 2-year fixed rate with a £1,999 fee at 5.60% for loans between £500,000 to £1m, along with a 5-year fixed rate with a £1,999 fee at 5.20% for loans between £500,000 to £1m, and 2-year and 5-year fixed rates with a £499 fee, starting from 5.09%.
In its residential purchase exclusive range, Clydesdale is launching an 80% loan-to-value (LTV) 2-year fixed rate with a £1,499 fee at 5.06%, and a 80% LTV 5-year fixed rate with a £1,499 fee at 4.78%.
For existing residential and BTL customers, the bank is reducing rates across a number of products, these include 65% and 75% LTV C&I Fee and Fee offer rates which will be reduced by 0.10%, and selected 60% and 75% LTV BTL Fee offer rates reduced by up to 0.30%.
In addition, selected BTL rates with £1,999 fee will be reduced by up to 0.16%.
Two further products will be withdrawn by the lender today, including a 75% LTV 2-year fixed rate at 5.02% and a 75% LTV 5-year fixed rate at 4.74%, both in the lender’s exclusive purchase product range.
Clydesdale has urged brokers wishing to apply for products on behalf of their customer, to send in applications by 8pm today (30th May).
