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
FIXED RATE INCREASES AND BTL REDUCTIONS
We wanted to let you know that we’re increasing rates across the following Clydesdale Bank products on Tuesday 5 March.
New and existing residential customer products
- 2 and 5 year 65% & 75% LTV fixed rates will be increased by up to 0.29%.
Professional products
- 2 and 5 year fixed rate professional products will be increased by up to 0.65%.
New and existing BTL customer products
- 2 year 60% LTV fixed rate products will be increased by up to 0.06%.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.
We’re also reducing selected products across our BTL range and introducing Exclusive residential purchase and remortgage deals:
New and existing BTL customer products
- Selected 2 and 5 year fixed rate products will be reduced by up to 0.45%.
NEW Exclusive residential remortgage deals
- 75%-85% LTV 2 and 5 year fixed rates with a £1,499 fee will be launched starting from 4.54%.
NEW Exclusive residential purchase deals
- 75%-90% LTV 2 and 5 year fixed rates with a £1,499 fee will be launched starting from 4.44%.
NEW Exclusive large loan residential products
- 75%-90% LTV 2 and 5 year fixed rates will be launched starting from 4.53%.
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.