Clydesdale Bank has unveiled a series of product launches and rate adjustments, with changes effective from Thursday 3rd August.
The announcement includes exclusive purchase deals, offerings for new and existing customers, and the withdrawal and adjustment of certain products.
For exclusive purchase deals, the bank is reducing its 90% loan-to-value (LTV) 2-year fixed rate by 0.30% to 6.20% and the 90% LTV 5-year fixed rate by 0.10% to 5.75%. These deals will be available for loan sizes between £300,000 and £600,000.
In terms of new and existing customer products, Clydesdale Bank is launching a new buy-to-let (BTL) 60% LTV 2-year fixed rate at 6.72% with a £1,999 fee, and a BTL 60% LTV 5-year fixed rate at 6.32% with a £2,999 fee. Additionally, selected 80% LTV 2-year fixed rates will be reduced by up to 0.10%.
The bank also revealed that the end dates for these products will shift to November of the corresponding year.
Further changes, to take effect at 8pm today, include an increase of 0.50% on the 2-year Offset Discount Variable rates, starting from 5.74%, and the withdrawal of BTL 75% LTV 2 & 5-year fixed-rate fee offer products and BTL 60% LTV 2-year fixed rate with £999 fee.
