Brilliant Solutions

Clydesdale Bank Update

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.


We’re increasing selected Clydesdale Bank rates

We wanted to let you know that we’re making some changes to the following Clydesdale Bank mortgages at 8pm today.

We’ll replace our current 2 year fixed rates with £999 and £1,499 fees with the following:

  • 2 Year Fixed Rate at 1.95%, available up to 80% LTV. This rate is available across all repayment types.

We’ll replace our current 75%-90% LTV Full C&I range with the following:

  • 2 Year Fixed Rate with £999 fee at 1.89%, available up to 90% LTV.
  • 2 Year Fixed Rate Fee Offer at 1.98%, available up to 90% LTV.

We’ll also make the following changes:

  • £1m+ 65% LTV fixed rates will be increased by 0.05%.
  • Selected 75% and 80% LTV 5 year fixed rates will be increased by up to 0.13%.
  • Selected 85% and 90% LTV 2 year fixed rates will be increased by up to 0.20%.
  • BTL 60% LTV 2 Year Fixed Rate with £999 fee will be increased to 1.79%.

If you’re applying for one of these mortgages on behalf of your customer, please send us the application as soon as possible.

You can find our current rates on our website.

Improved Clydesdale Bank new build incentives

We’ve got good news about Clydesdale Bank’s New Build and Newly Qualified Professional mortgages, take a look at what’s new.

Better for Newly Qualified Professionals

We’ve reduced the minimum income required for Newly Qualified Professionals from £40k to £30k so we can say yes to more customers.

Eligible customers taking one of our NQP products benefit from enhanced income multiples of up to 5.5x. Check out our criteria for more information and a full list of accepted occupations.

Our new lending criteria is now live and our affordability calculator and AIP are in the process of being updated.

Improved new build incentives criteria

We now accept cash incentives of as much as 5% of the purchase price up to 90% LTV. This includes cashback deals, stamp duty contributions and payment of professional fees.

What’s more, we also accept non-cash incentives without impacting the loan amount.

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