Clydesdale Bank has announced a reduction in mortgage rates across a variety of its products effective from Friday, 15 September.
These cuts come in several categories, including exclusive remortgage deals with cashback offers, large loan deals, and products for both new and existing customers.
In the exclusive remortgage category, the bank is launching a new 75% loan-to-value (LTV) 2-year fixed rate at 5.59% and a new 75% LTV 5-year fixed rate at 5.25%.
Additionally, Clydesdale Bank will cut its 80% LTV 2-year fixed rate by 0.11% to 5.99% and its 80% LTV 5-year fixed rate by 0.10% to 5.49%. These deals will be available for loans ranging between £200,000 and £1.5m.
For those seeking larger loans, the bank is offering 65% and 75% LTV 2-year fixed rates starting from 5.88%, a reduction of 0.10%. Also, the 75% LTV 5-year fixed rate will be trimmed by 0.06% to 5.43%. These large loan deals apply to loan sizes between £1m and £2m.
Clydesdale Bank is not leaving out new and existing customers either. Professional 2-year fixed rates will be reduced by up to 0.10%, commencing at 6.18%, and the 5-year fixed rates will also see a 0.10% cut, starting from 5.35%.
For newly qualified professionals, the bank will lower the 75%-90% LTV 2-year fixed rates by 0.10%, beginning at 6.35%, and 5-year fixed rates by up to 0.20%, starting from 5.65%. Additionally, selected 2-year and 5-year fixed rates will be reduced by up to 0.10%.
