The lender's products currently all come with a free valuation for properties up to £3m. However, the changes made today mean that for properties valued above this, the bank will now cover the cost up to £3m - meaning clients will pay the difference in fee, rather than the full price.
This applies to all Clydesdale Bank purchase and remortgage applications for both residential and buy-to-let, excluding porting, and takes effect for any applications received yesterday (13th October) onwards.
Additionally, the lender launched new residential 2- and 5-year fixed rates yesterday at 85% LTV, available for part-and-part applications, starting at 4.48%, and new residential product transfers up to 85% 2- and 5-year fixed rates starting at 4.33%.
