Clydesdale Bank is set to introduce a number of changes to its mortgage offering, effective from tomorrow, Wednesday 5th March.
These changes include rate reductions across several product categories, benefiting both residential and buy-to-let (BTL) borrowers.
As part of the bank’s core product range, selected 2- and 5-year residential mortgage rates at 65% and 75% loan-to-value (LTV) will see reductions of up to 0.10%.
These changes will apply to both new customers and those looking to transfer their existing products.
Exclusive mortgage products will also experience rate decreases.
The lender’s 2-year residential remortgage exclusive rates at 75% and 80% LTV will be reduced by up to 0.12%.
Large Loan Exclusive products, available at 65% and 75% LTV for 2- and 5-year terms, will see reductions of up to 0.10%.
Additionally, product transfer exclusive rates for residential mortgages at 65% LTV for both 2- and 5-year terms will decrease by up to 0.10%.
In the buy-to-let sector, the bank is making significant reductions, with 2-year fixed-rate products at 60% to 75% LTV experiencing a 0.21% decrease.
