Clydesdale Bank has announced a series of mortgage rate reductions across its core residential, exclusive, professional and buy-to-let ranges, with some products falling by as much as 0.51%.
Within its core residential range, including product transfers, selected 2- and 5-year fixed rates will fall by up to 0.51%, while 2-year discount offset rates will be reduced by 0.10%.
The bank’s exclusives range is also seeing reductions.
Residential purchase and remortgage large loan 2- and 5-year rates will drop by up to 0.38%, while residential remortgage 2-year products at 75% to 80% loan-to-value (LTV) will fall by up to 0.24%.
Selected residential purchase products will see cuts of up to 0.19%, and the residential product transfer 5-year fixed rate at 65% LTV will be reduced by 0.05%.
For professionals, 2-year fixed rates will fall by up to 0.38%, while newly qualified professionals will see reductions of up to 0.05% on 2-year fixed products.
In buy-to-let, selected 2- and 5-year fixed rates between 60% and 75% LTV will be cut by up to 0.35%.
Alongside these reductions, the bank confirmed one rate increase. Its core residential 90% LTV 5-year fixed rate will rise by 0.19% to 4.58%.
Applications for this product at the current rate must be submitted by 8pm today, as changes will take effect from tomorrow, Thursday 21st August.
