Clydesdale Bank has made a series of rate cuts and increases, with products aimed at first-time buyers.
The following cuts at 95% loan-to-value (LTV) have taken place:
- The 2-year fix with £999 fee going from 2.95% to 2.68% – a 0.27% cut
- The 5-year fix with £999 fee going from 3.16% to 3.01% – a 0.15% cut
- The 2-year fix being cut from 2.67% to 2.58% – a 0.9% reduction
- The 5-year fix receiving a cut from 3.08% to 2.91% – a 0.17% difference
At 90% LTV, the 2-year fix with £999 has received the most attention, with a 0.30% decrease taking its rate from 2.28% to 1.98%.
The professional 2-year fix has also had 0.30% removed, going from 2.23% to 2.93%.
And at 85% LTV, the lender has cut rates by up to 0.11%.
Rate increases of up to 0.5% take place on 2-year fixes at 75% LTV, while 5-year fixes have gone up by 0.10%.
