Clydesdale Bank has announced upcoming changes to its mortgage range, which will take effect on Tuesday, 30th July.
The changes include reductions in fixed rates across various mortgage products and the introduction of a new product tailored for newly qualified professionals.
For core residential mortgages, selected 2-year and 5-year fixed rates will see reductions of up to 0.12%, with the new rates starting from 4.34%.
The bank’s exclusive remortgage products will also benefit from reduced rates. Selected 2-year and 5-year fixed rates will be lowered by up to 0.10%, bringing the rates down to a starting point of 4.44%.
Exclusive purchase products are set to experience rate cuts as well. Selected 2-year and 5-year fixed rates will be decreased by up to 0.07%, with the new rates beginning at 4.56%.
For large loan products, the bank will reduce selected 2-year and 5-year fixed rates by up to 0.12%, with the new rates starting from 4.50%.
Professional mortgage products will see the most significant reductions, with selected 2-year and 5-year fixed rates dropping by up to 0.32%, starting from 4.57%.
Additionally, Clydesdale Bank will launch a new 2-year 95% LTV fixed rate product specifically for newly qualified professionals.
