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
GET THEIR MOVE ON
We’re now making changes to our policies for property and self-employed customers. It means you’ll be able to offer mortgages to even more of your customers. Here’s what’s changing.
A new lease
Clydesdale Bank now needs an unexpired lease term of 85 years at application. If it’s in the process of being extended, it can be under 85 years at application, providing it’ll be over 85 years at completion. Leases under this term can be considered by exception – just double-check with us before you start the application process.
Smoother moves for self-employed
It’s easier than ever for self-employed customers to apply for Clydesdale Bank mortgages because the bank has streamlined requirements on bank statements. It’s now just the latest month’s statements required from limited companies, LLPs, partnerships and sole traders.
If you need to submit a case on Clydesdale Bank’s old lease policy, you’ve got until 5pm on 14 September 2023 to apply.
Check out our property lending criteria for Clydesdale Bank.
Any other questions, get in touch with your Business Development Manager.
WE’RE REDUCING SELECTED CLYDESDALE BANK FIXED RATES
We wanted to let you know that we’re reducing the rates on the following Clydesdale Bank products on Friday 15 September.
Exclusive remortgage deals with £500 cashback
- NEW 75% LTV 2 Year Fixed Rate will be launched at 5.59%.
- NEW 75% LTV 5 Year Fixed Rate will be launched at 5.25%.
- 80% LTV 2 Year Fixed Rate will be reduced by 0.11% to 5.99%.
- 80% LTV 5 Year Fixed Rate will be reduced by 0.10% to 5.49%.
These deals are available for loan sizes between £200,000 and £1.5m.
Exclusive large loan deals
- 65% & 75% LTV 2 year fixed rates will be reduced by 0.10%, starting from 5.88%.
- 75% LTV 5 Year Fixed Rate will be reduced by 0.06% to 5.43%.
These deals are available available for loan sizes between £1m and £2m.
New and existing customer products
- Professional 2 year fixed rates will be reduced by up to 0.10%, starting from 6.18%.
- Professional 5 year fixed rates will be reduced by 0.10%, starting from 5.35%.
- Newly Qualified Professional 75%-90% LTV 2 year fixed rates will be reduced by 0.10%, starting from 6.35%.
- Newly Qualified Professional 5 year fixed rates will be reduced by up to 0.20%, starting from 5.65%.
- Selected 2 year fixed rates will be reduced by up to 0.10%.
- Selected 5 year fixed rates will be reduced by up to 0.10%.
The end dates will move to December of the relevant year.
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.