Clydesdale Bank has announced the launch of new residential mortgage products available from today (Monday 13th October), expanding its offering for borrowers seeking higher loan-to-value (LTV) options.
Within its Core Residential range for new business, Clydesdale has introduced new 2-year and 5-year fixed-rate products at up to 85% LTV, available for part and part applications, with rates starting from 4.48%.
In the Residential Large Loan range, which includes product transfers, new 85% LTV 2-year and 5-year products are also now available for loans over £1m, again offered on a part and part basis.
For existing customers, new Product Transfer 85% LTV 2-year and 5-year fixed fee rates have been launched, starting from 4.33%.
These product launches follow Clydesdale Bank’s wider update earlier today to its interest-only and part & part lending criteria, which raised maximum LTVs to 85% and introduced a refreshed affordability assessment to support greater borrowing flexibility across its mortgage range.
