Clydesdale reduces fixed rates and expands mortgage range

The Bank has launhed new interest-only discounted offset rates from 4.54% and buy-to-let fixed rate fee-savers from 5.70%.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
11th January 2023
Clydesdale Bank

Clydesdale Bank has announced new mortgage products as well as reductions across its range.

Among the new products are exclusive £1-£2m 65% LTV fixed rates with a £1,999 fee, launched from 4.71%, and new interest-only discounted offset rates from 4.54%.

The Bank has also launched new buy-to-let fixed rate fee-savers from 5.70% at 75% LTV and 80% LTV buy-to-let fixed rates from 6.30%.

Existing residential rates at 75% - 90% LTV have been reduced by up to 0.26%, now from 4.64%, while buy-to-let rates at 60% - 75% LTV have reduced by up to 0.22%, now from 5.21%.

Professional and newly qualified professional 85% LTV fixed rates have been reduced by up to 0.43%, now from 4.95%.

An exclusive £1-£2m 75% LTV five-year fixed rate with a £1,999 fee has been reduced by 0.24%, now from 4.81%, and £1m+ 65% - 85% LTV fixed rates have been reduced by up to 0.26%, now from 4.88%.

In addition, product transfer rates have seen equivalent rate reductions.

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.