"We are pleased to launch a new range of interest-only products at 65% LTV for new and existing customers."
Clydesdale Bank has launched new interest-only mortgage products and has reduced rates across its existing residential and buy-to-let mortgage ranges.
Available for new customers and product transfer, new interest-only two and five-year fixed rates are available up to 65% LTV and start from 4.06%.
In addition, selected residential fixed rates between 80-90% LTV and professional and newly qualified professional fixed rates between 85-90% LTV have reduced by up to 0.10%.
Selected £1m+ fixed rates between 65-80% LTV have been cut by up to 0.09%.
In addition, buy-to-let rates between 60-75% LTV have lowered by up to 0.13%.
The latest round of reductions follows a series of rate cuts across Clydesdale's residential mortgage range earlier this month, which saw the introduction of an exclusive five-year fixed rate remortgage deal at 3.98%.
Richard Walker, head of intermediary sales at Virgin Money, said: “We are pleased to launch a new range of interest-only products at 65% LTV for new and existing customers. This is an addition to a number rate reductions made across our residential and buy-to-let fixed rates."
