Clydesdale Bank has announced an important product update for advisers. Please see below for more details. Contact us for more information, alternatively, you can visit their website here.
ANNOUNCEMENTS
We’re making increases to Clydesdale Bank rates
We wanted to let you know that we’re increasing the following Clydesdale Bank Residential fixed and discounted rates on Thursday 26 March.
Core Residential Purchase & Remortgage Rates
- 2 year discounted variable rate products will be increased by 0.20%.
Core Residential Product Transfer Rates
- 2 year discounted variable rate products will be increased by 0.20%.
- 2 and 5 year fixed rate products will be increased by up to 0.78%.
Core BTL Product Transfer Rates
- 2 and 5 year fixed rate products will be increased by up to 0.60%.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.
Withdrawal of all Clydesdale Bank new business Fixed Rates
In light of current market conditions, we will withdraw all Clydesdale Bank new business Fixed Rate products at 8pm tonight (23rd March). This helps us to focus our resources on existing customers and applications already submitted.
Our Product Transfer range for existing customers will remain available.
If you’re applying for one of our Clydesdale Bank new business Fixed Rate products on behalf of your client, please send us the application by 8pm.
We continue to offer Fixed Rate products through Virgin Money, Nationwide and The Mortgage Works for buy to let.
We will communicate our plans for relaunching Fixed Rate products to new customers in due course.