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."