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
NEW CLYDESDALE BANK PRODUCTS AND FIXED RATE INCREASES
We wanted to let you know that we’re launching the following Clydesdale Bank products on Thursday 3 August.
Exclusive purchase deals
- 90% LTV 2 Year Fixed Rate will be reduced by 0.30% to 6.20%.
- 90% LTV 5 Year Fixed Rate will be reduced by 0.10% to 5.75%.
These deals will be available for loan sizes between £300,000 and £600,000.
New and existing customer products
- NEW BTL 60% LTV 2 Year Fixed Rate with a £1,999 fee will be launched at 6.72%.
- NEW BTL 60% LTV 5 Year Fixed Rate with a £2,999 fee will be launched at 6.32%.
- Selected 80% LTV 2 year fixed rates will be reduced by up to 0.10%.
The end dates will move to November of the relevant year.
We’ll also be making these changes at 8pm today:
New and existing customer products
- 2 Year Offset Discount Variable rates will be increased by 0.50%, starting from 5.74%.
- BTL 75% LTV 2 & 5 Year Fixed Rate Fee Offer products will be withdrawn.
- BTL 60% LTV 2 Year Fixed Rate with £999 fee will be withdrawn.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today
You can find our current rates on our website. If you’ve got any questions, you can get in touch with your Business Development Manager.