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’ve reduced Clydesdale Bank fixed rates
We wanted to let you know that we’ve reduced the rates on the following Clydesdale Bank products today.
New customer products
- Residential 75% & 80% LTV fixed rate fee savers re-launched, now from 5.42%.
- 75% – 90% LTV fixed rates reduced by up to 0.48%, now from 4.99%.
- Selected BTL 60% – 75% LTV fixed rates reduced by up to 0.41%, now from 5.39%.
- Professional and Newly Qualified Professional fixed rates reduced by up to 0.33% now from 5.40%.
- Exclusive £1-£2m 75% LTV fixed rates with £1,999 fee reduced by up to 0.44% now from 5.22%.
- £1m+ 65% – 85% LTV fixed rates reduced by up to 0.48%, now from 5.30%.
Product Transfer
- 65% – 95% LTV fixed rates with £499 fee reduced by up to 0.48%, now from 4.95%.
- 65%-95% LTV fixed rate fee savers reduced by up to 0.40%, now from 5.16%.
- BTL 60% – 80% LTV fixed rates reduced by up to 0.41%, now from 5.39%.
- Professional and Newly Qualified Professional fixed rates reduced by up to 0.33% now from 5.40%.
- Exclusive £1-£2m 75% LTV fixed rates with £1,999 fee reduced by up to 0.44%, now from 5.22%.
- £1m+ 65% – 85% LTV fixed rates reduced by up to 0.48%, now from 5.30%.
WE’RE MAKING CHANGES TO OUR RATES
Following the decision by the Monetary Policy Committee on 3 November 2022 to increase the Bank of England Base Rate to 3.00%, we’re making some changes. On 2 December 2022, we will increase our Standard Variable Rate to 7.24% and our Buy to Let Variable Rate to 7.44%.
What happens with existing customers
Customers affected by the changes to our Standard Variable Rate or Buy to Let Variable Rate will be contacted to let them know their rate and monthly repayment will change on 1 January 2023.