Clydesdale Bank adds 3 year fixed mortgages to broker range

Following feedback from brokers, Clydesdale Bank today launches new 3 year fixed rate mortgage products for brokers.

Related topics:  Mortgages
Millie Dyson
1st August 2011
Mortgages
The new products will complement the existing fixed rates of 2 & 5 years.

3yr Fixed <70% LTV product
    
- Rate: 3.19%
    
- Reverts to: SVR
    
- APR: 4.3%
    
- Fee: £999
    
- ERC %: 5/4/3

3yr Fixed <75% LTV product
    
- Rate: 3.59%
    
- Reverts to: SVR
    
- APR: 4.4%
    
- Fee: £999
    
- ERC %: 5/4/3

3yr Fixed <80% LTV product

- Rate: 4.29%
    
- Reverts to: SVR
    
- APR: 4.6%
    
- Fee: £999
    
- ERC %: 5/4/3

3yr Fixed <85% LTV product

- Rate: 5.29%

- Reverts to: SVR

- APR:  5.0

- Fee: £999

- ERC %: 5/4/3

John Tooth, Head of B2B Mortgage Distribution and Strategy at Clydesdale Bank, said:

"Brokers have been telling us that there is a desire for a 3 year product from applicants who want a longer fixed term but do not want to commit to a 5 year rate.   

"These new products are in response to that feedback and continue our line of introducing products that there is demand for in the intermediary market."
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